Emergency notification about the closure of new application intake for CDAP's Boost Your Business Technology. But now you can order a Digital Transformation Plan from the Focus21 team and receive a 10% discount on its implementation.
In recent months, demand for the Canada Digital Adoption Program (CDAP) has become unprecedented. Since the launch of this Canadian government initiative, more than 21,000 applications from businesses across various sectors have been received, with over 10,000 currently in the process of applying.
Due to the incredibly high interest in the CDAP Boost Your Business Technology program, the grant has now been fully allocated. This has been communicated by our partners, and is also stated on the official program page.
The CDAP's Boost Your Business Technology program, offering significant benefits to businesses regardless of industry, has paused the new applicants do to the influx of applicants taking advantage of the digital transformation plans. However, now you can order a Digital Transformation Plan for your business from Focus21 and receive a 10% discount on our services. To do this, contact us as soon as possible via this link.
As of February 19, 2024, the Canada Digital Adoption Program (CDAP) will no longer accept new submissions for its Boost Your Business Technology pathway.
The Department of Innovation, Science, and Economic Development Canada (ISED) has officially ceased accepting new applications for the Boost Your Business Technology grants under the CDAP.
Existing grant agreements signed prior to the program's closure will remain in effect, allowing businesses to finalize their digital strategy with the help of a chosen advisor from the CDAP marketplace.
Furthermore, the Business Development Bank of Canada (BDC) will continue processing loan applications from businesses holding valid CDAP Boost Your Business Technology grant agreements.
To qualify, your business must have secured a grant agreement by February 19, 2024, to be eligible for the ISED grant and the BDC's zero-percent interest loan.
To qualify for the ISED grant and BDC's zero-interest loan, you needed to have completed your application and signed a grant agreement before the program's deadline, adhering to all specified timelines.
Your eligibility remains intact if your grant agreement is current and not expired. It is crucial to observe the CDAP's stipulated deadlines for submitting expenses related to the ISED grant and applying for the BDC's zero-percent interest loan.
Businesses actively working on their Digital Adoption Plan with an approved CDAP advisor, holding a valid grant agreement, are unaffected by this announcement. Nonetheless, it's important to keep track of the CDAP's deadlines for expense submission and loan application.
Your eligibility for the ISED grant and the BDC's zero-percent interest loan remains intact, provided you've met the qualification criteria by signing your grant agreement and adhering to all program deadlines.
For questions regarding adherence to CDAP's terms and conditions, direct your inquiries to ISED.
Yes, the CDAP Boost Your Business Technology program, offering significant advantages to any business in Canada, has paused the new applicants do to the influx of applicants taking advantage of the digital transformation plans. However, now you can order a Digital Transformation Plan for your business from Focus21 and receive a 10% discount on our services. For this, contact us as soon as possible via this link.
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