Digitally Transform Your SME with the Boost Your Business Technology GrantMay 31, 2023
The Boost Your Business Technology grant helps Canadian-owned small and medium-sized enterprises (SMEs) adopt new digital technologies to help boost business competitiveness. It’s one of two grants offered through the federal Canada Digital Adoption Program (CDAP).
Eligible businesses can use the grant to pay for up to $15,000 worth of services from a digital advisor, as well as access an interest-free loan of up to $100,000 to acquire and implement new technologies.
Grant recipients are also eligible for up to $7,300 in wage subsidy funding to hire a student or recent graduate to help the SME achieve its digital goals. Eligible businesses must work with an advisor to establish a digital adoption plan before applying for wage subsidy funding.
SMEs approved for the wage subsidy can choose to hire a funded employee through the Magnet platform, use the wage subsidy for an existing employee or hire on their own, as long as they meet the program’s eligibility requirements. The Magnet platform provides SMEs with additional support in identifying and hiring youth with the relevant skills and talents for a range of digital projects and initiatives.
The Boost Your Business Technology grant can help your business get online, give your e-commerce presence a boost and help you digitalize your operations. Apply today and transform your business!
Please note that only an owner or director of a business can complete the application form for the Boost Your Business Technology grant. If you’re applying for the grant and have questions or need assistance, we’re always happy to help. Write to us at email@example.com.