Urgent notice regarding the imminent closure of new application intake for the CDAP's Boost Your Business Technology stream and the unparalleled benefits it offers to your company. This is your last chance to apply with Focus21.
UPDATE: 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.
In recent months, the demand for the Canada Digital Adoption Program (CDAP) has been unprecedented. Since the launch of this Canadian government initiative, over 21,000 applications from businesses across various industries have been received, with more than 10,000 currently in the process of applying.
Due to the incredibly high interest in CDAP's Boost Your Business Technology, the grant is nearly depleted, necessitating the closure of new applications within the coming days. This has been communicated by our partners and is also mentioned on the official program page.
The CDAP's Boost Your Business Technology program, offering significant advantages to businesses regardless of industry, is ending its operations.
Innovation, Science, and Economic Development Canada (ISED) announced the upcoming closure of new application intake for the Boost Your Business Technology stream of the Canada Digital Adoption Program (CDAP) on February 16, 2024.
Existing grant agreements remain in effect, allowing businesses to finalize their digital strategies with a preferred advisor from the CDAP marketplace.
The Business Development Bank of Canada (BDC) will continue to process loan applications for businesses with valid CDAP Boost Your Business Technology grant agreements.
ISED indicates that the window for new applications will close shortly. Businesses must secure a signed grant agreement before the closure to qualify for the ISED grant and the BDC's zero-percent interest loan.
Businesses that have registered an account before this notification must finalize their application and sign a grant agreement before the deadline to remain eligible for the ISED grant and BDC's zero-percent loan offer.
Businesses with a valid (not expired) grant agreement are still eligible for the program. It's crucial to adhere to the CDAP's deadlines for submitting expenses related to the ISED grant and the BDC loan application.
Businesses actively working on their Digital Adoption Plan with an endorsed CDAP advisor, under a valid grant agreement, are unaffected by this announcement. However, they should be aware of the CDAP deadlines for expense submission related to the ISED grant and the BDC loan application.
Businesses that have met the qualification criteria by signing their grant agreement and adhering to all specified program deadlines are eligible for the ISED grant and the BDC zero-percent loan, following the submission of their digital plan and invoices.
Inquiries regarding adherence to CDAP terms and conditions should be directed to ISED. From the time you sign the grant agreement, you have 9 months to submit a digital adoption plan.
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