Boost Your Business Cyber Security & Technology with Canada Digital Adoption Program (CDAP)
The Canada Digital Adoption Program (CDAP) is a government initiative aimed at helping small and medium-sized businesses (SMBs) in Canada to adopt digital technologies and improve their online presence. This is especially important in today's digital age as businesses need help to better understand the technological landscape. CDAP offers a range of resources and support to help SMBs get started with digital technologies.
Stream 1: Grow Your Business Online
The Grow Your Business Online provides up-to $2,400 in funding for businesses to allocate towards e-commerce capibilities.
Stream 2: Boost Your Business Technology & More
This stream focuses on providing funding and support to help businesses adopt and integrate digital technologies into their operations, with the goal of improving efficiency and competitiveness. This grant offers funding for up-to $15,000 to develop a digital adoption plan, 90% of this cost is reimbursed to the grantee on completion.
CDAP is able to provide SMBs with access to experts and advisors who can help businesses understand the various technology options available and how to effectively use them. This is especially valuable for businesses that might not have the technical expertise in-house.
It is an important resource for SMBs looking to improve their operations and stay competitive in today's digital economy. By taking advantage of the funding and the expertise offered by the Stream 2 of CDAP, businesses can effectively adopt and integrate new cyber security technologies and position themselves for success in the digital age.
What you need to do to get started?
Here are some steps you can take to leverage the CDAP grant for your business:
- Determine your eligibility: The first step is to determine whether your business is eligible for a CDAP grant. To be eligible, you must be a small or medium-sized business in Canada. You must be eligible as a Canadian-owned for-profit business, with the number of employees ranging from 1-499. Click here for more details on eligibility criteria.
- Review the available streams: The CDAP offers two streams of funding: Stream 1 (Boost Your Business Online) and Stream 2 (Boost Your Business Technology). Review the criteria for each stream to determine which one is most relevant to your needs and goals. You can use this grant assessment tool to determine which grant is right for your business.
- Prepare and Submit your application: Once you have determined which stream is most relevant to your business, it's time to start preparing your application. This will typically involve providing detailed information about your business, outlining your plans for using the grant, and demonstrating how the grant will help you improve your operations. Make sure to review the submission guidelines carefully to ensure that your application is complete and meets all the necessary requirements. Use this link to apply for the grant.
- Work with a CDAP-approved digital advisor on your Digital Adoption Plan (DAP): Once approved, work with a CDAP-approved digital advisor on a plan to take your business technology to the next level. Let us help you identify the secuirty risks in your business and build a consolidated roadmap to kick off your transformation journey.
Note: As an added bonus, businesses applying for Stream 2 of CDAP can get 0% interest loan up to $100,000 from Business Development Bank of Canada (BDC).
About Cyber Unit
Cyber Unit is a CDAP-approved digital advisor and our team looks forward to helping you make the most out of this unique opportunity, in an effort to boost your business technology and resilience.
Have any questions? Book a Meeting.