Digital Adoption for Businesses
January 9, 2024

What is the CDAP Grant?

The Canada Digital Adoption Program (CDAP) is a government-funded program that provides grants and loans to small and medium-sized businesses (SMBs) to help them adopt digital technologies. The program is designed to help SMBs improve their competitiveness and productivity by making better use of technology.

What Can I use that grant for?

The grant can be used to cover a variety of expenses related to digital adoption, including:

  • Hiring a consultant to help you develop a digital adoption plan.
  • Purchasing new software or hardware.
  • Training your employees on how to use new technologies.
  • Hiring students to help you with your digital adoption efforts.

Who is Eligible for a CDAP Grant?

To be eligible for a CDAP grant, your Canadian business must meet the following criteria:

  • You must be a Canadian-owned and controlled SMB with more than 1 employee and fewer than 250 employees.
  • Your annual gross revenue must be less than $5 million and at least $500,000.

How Much Can I Get from a CDAP Grant?

The amount of the grant you are awarded will be based on the size of your business and the scope of your digital adoption plan. The maximum amount of the CDAP grant is $15,000 for the digital adoption plan, though you may also beeligible for a $100,000 interest-free loan for implementation of the plan.

How Do I Apply for a CDAP Grant?

The application process for the CDAP grant is online and consists of the following steps:

  1. Create an account on the CDAP website.
  2. Complete the online application form.
  3. Submit the required documentation. The required documentation includes:
  • A copy of your business registration certificate.
  • A copy of your most recent financial statements.
  • A business plan that outlines how you plan to use the CDAP grant to adopt digital technologies.

How Can a Fractional CTO Help Me Get a CDAP Grant?

A Fractional CTO is a technology executive who works part-time for a small or medium-sized business. Fractional CTOs can help businesses with a variety of tasks, including applying for government grants, developing digital adoption plans, and hiring and managing IT staff.

If you are a small or medium-sized business that is interested in applying for a CDAP grant, you may want to consider hiring a Fractional CTO. A Fractional CTO can help you navigate the grant application process and ensure that your application is successful.

StayShure is a Fractional CTO firm that can help you get a CDAP grant and use the grant to adopt digital technologies. StayShure has a team of experienced technology executives who can help you with all aspects of the grant application process, from developing your digital adoption plan to hiring and managing IT staff.

Contact StayShure Today

If you are interested in learning more about how StayShure can help you get a CDAP grant and hire a Fractional CTO, please contact us today. We would be happy to discuss your needs and see how we can help you grow your business.

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