The CDAP - Stream 2
What is Stream 2 of the Canadian Digital Adoption Program?
CDAP Stream 2: The Canada Digital Adoption Program (CDAP) is a Government of Canada initiative that encourages and assists small and medium-sized Canadian businesses (SMEs) to increase their digital maturity by adopting new digital technologies.
For eligible SMEs that have successfully completed the Digital Needs Assessment (DNA), the CDAP will pre-approve them for a grant covering up to 90% of the cost of the digital adoption plan evaluated at a maximum of $15,000.
- Is Canadian-owned
- Is for-profit
- Has 1 to 499 employees
- Has had at least $500,000 in annual revenue in 1 of the last 3
- Reduce overhead costs
- Speed up transactions
- Respond to clients more quickly
- Manage inventory more efficiently
- Improve supply chain logistics
- The whole internet is moving to web3
- Grant for a digital advisor: $15,000
- Wage Subsidy Grant: $7,300
- More Loans, Grants are available which we can discuss.
- Acquiring IT equipment
- Installation of new technologies
- Updating and/or expanding IT equipment
- Training staff on onboarded technologies.
- Materials and support services directly related to onboarding the technology.
- Further advisory services on aspects of the digital adoption plan
- A digital advisor registered with CDAP is an organization that meets and maintains all of the required criteria to deliver digital advisory services to eligible Canadian SMEs
- An organization needs a digital advisor to help them apply for the loan and the grant.
- Swift Immersive has been approved as a Digital Advisor
The CDAP - Stream 1
What is Stream 1 of the Canadian Digital Adoption Program?
CDAP Stream 1: Grow Your Business Online is exclusively for businesses that haven’t taken advantage of eCommerce opportunities yet. Support in this stream comes in the form of microgrants of around $2,400 to help with digital adoption costs and will be available for up to 90,000 small businesses. The grants can be used for various activities, including website development, search engine optimization (SEO), social media advertising, fees for eCommerce platforms, and more. Check out all of the solutions in the menu box.
In addition, CDAP participants will have access to “a network of digital experts to introduce and help them use their digital tools.”
- Be a for-profit business (this includes for-profit social enterprises and co-operatives)
- Be a registered or incorporated business
- Is consumer-facing and can be accessed by consumers or provides in-person services to consumers
- Has at least one employee (other than the owner) OR had at least $30,000 in annual revenue in the most recent tax year
- Must commit to maintaining the digital adoption strategy for six months following the completion of the program
- Must consent to participate in follow-up surveys, sharing information with the Government of Canada (ISED and Statistics Canada), and having the name of the business published as a recipient of funding
- Is Canadian-owned
The term eCommerce encompasses more than just the act of purchasing an item online rather than in a physical store. For service businesses, eCommerce could be integrating a solution to book appointments and pay online instead of in person. We can be creative when it comes to concept of eCommerce solutions.
This is a quick process and doesn't take more than a couple of weeks to get approved. Once approved, then you are able to start the process and begin your eCommerce campaign.
- Search Engine Optimization (SEO)
- Social Media Advertising
- Fees for eCommerce platforms
- Social Listening
- Market Research
- Drop Shipping Tools
Digital Maturity is key in building Business Maturity
The Government of Canada, as part of the 2021 federal budget, announced the Canada Digital Adoption Program (CDAP). The goal of the CDAP program is to support small and medium-sized enterprises (SMEs) to meet the challenges of the digital age and reach their full maturity. Eligible businesses can leverage this grant to pay for the services of a digital advisor (who has to be pre-approved for this by the gov’t). This advisor will work with companies to recommend emerging tech solutions to help them achieve their business goals and increase their competitiveness in the digital economy.
The grant covers up to 90% of the eligible cost of retaining the services of a digital advisor (that’s us!), up to a maximum grant value of $15,000, to develop a digital adoption plan. Businesses also have the opportunity to secure up to a $100,000 zero interest loan from the Business Development Bank of Canada (BDC) to facilitate the acquisition of new technology. You can also apply for a wage subsidy of up to $7,300 to hire a student or recent graduate to help achieve your digital adoption goals through a funded work placement program. There is another $2,400 grant to help with building an ecommerce site.
If you’re interested in learning more about this, Swift Immersive is an approved CDAP Digital Advisor and can help you apply for the grant and can build your Digital Adoption Plan.
You can set up a discovery meeting to learn more, or attend our online event.
Meet your Certified Digital Advisor
TESTIMONIALS
Andrew is excellent to work with and brought new ideas and strategies to my business. Highly recommended!
Art Bosma, Owner, Review Me Now
Our team at MyOutcomes for Mental Well Being (Best business award, Kelowna) would like to thank Andrew for the innovative support that he provided to our organization in the marketing of our new programs. He helped us shift from buying databases and making cold calls to the modern use of social media to accelerate making initial contacts with prospects. What a gift this was and it has increased our ability to find new prospects and initiate contact by 300 percent. We trust we can keep the door between our organizations and contract your services again on the product launch of the www.theresilientmind.life version 2.0.
Vic Lebouthillier, President
Andrew's personal and insightful advice has helped me grow my business. His broad range of business knowledge and innovative marketing solutions have made him a valuable consultant and adviser.
Brian Doubt
Founder and Owner
Kelowna Office
#207 - 1889 Springfield
BC Canada
About our company
Swift Immersive is a deep-tech growth agency delivering advanced customer research, strategic design thinking, and beautifully crafted digital/physical services to create incredible customer experiences that lead to Digital Maturity.
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