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Boost Your Business Technology (CDAP) is sponsored by Innovation, Science and Economic Development Canada. This grant, part of the Canadian Digital Adoption Program (CDAP), helps medium-sized businesses adopt new digital technologies. It covers up to $15,000 for technology needs and 90% of the cost of hiring a digital advisor.
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Boost Your Business Technology – Canada Digital Adoption Program As of November 30th, 2024 at 11:59 pm EST CDAP Boost Your Business Technology Grant will no longer be accepting new applications for the Funded Work Placement wage subsidy. Please note, applications that are currently in process will continue to be reviewed for eligibility. Applications that are currently waitlisted will remain on the waitlist pending available funds.
CDAP Boost Your Business Technology Please note that due to the limited funding available and increasing interest in program participation, wage subsidy applications submitted after September 30, 2024 will be placed on a waitlist and may not be processed . If your application is taken off the waitlist a program administrator will be in touch when the initial review is complete and provide you with next steps in the application process.
As of February 19, 2024, the Canada Digital Adoption Program (CDAP) Boost Your Business Technology grant is closed. If you have already received your grant, you are still eligible to apply for a wage subsidy. Magnet will continue to accept applications for the wage subsidy from organizations with approved CDAP Boost Your Business Technology grant agreements.
For more information, please refer to" ISED’s webpage or consult the FAQs page In addition to helping your business scale up its technology and become more resilient and competitive, the program also offers wage subsidies to hire multiple youths to support the implementation of new technology and strategies.
Components of the Boost Your Business Technology Grant Businesses with a completed Digital Adoption Plan that have been approved and paid by Innovation, Science and Economic Development Canada (ISED) can access the following benefits with the Boost Your Business Technology Grant: Opportunity to hire one or multiple youths to support the implementation of their Digital Adoption Plan.
Businesses can receive multiple wage subsidies of up to $7,300 per eligible youth through the funded work placement. Access to apply to a 0% interest loan of up to $100,000 from the Business Development Bank of Canada (BDC) to facilitate the acquisition of new technology.
Businesses with a completed Digital Adoption Plan that have been approved and received payment from ISED can access wage subsidies from Magnet of up to $7,300 per youth to implement their Digital Adoption Plan Youth Eligibility Criteria: Canadian citizens, permanent residents, or refugees with the right to work in Canada. Each youth can complete only 1 Boost Your Business funded-work placement.
Frequently Asked Questions For additional support and inquiries, please contact boostyourbusiness@magnetnetwork. ca Please complete the form below to get started
According to the current listing, eligibility includes: Medium-sized businesses (1-499 employees), for-profit/privately owned, incorporated federally/provincially, or a Canadian resident sole proprietor, with at least $500,000 in annual revenues in one of the three previous …. Confirm the full requirements in the official notice before applying.
The current listing shows up to $15,000 (plus potential for 0% interest loan up to $100,000). Verify award ceilings, matching requirements, and allowable costs in the official notice.
Boost Your Business Technology (CDAP) is funded by Innovation, Science and Economic Development Canada. Verify program details on the funder's official page before applying.
Yes — this listing is flagged as national in scope, so applicants across the U.S. may apply, subject to the sponsor's other eligibility criteria.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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