The Canadian Digital Adoption Program (CDAP) is a new program from the government in which a non repayable $15,000 is given to companies who qualify.
You might have seen it on our site or heard about it from a different source, regardless, we’d like to walk you through what the CDAP grant is, the criteria to qualify, and how to get started.
What is the CDAP grant?
The Canadian Digital Adoption Program is $4 billion in funding that the Canadian Federal Government has put aside for small and medium sized business. The purpose of CDAP is to improve companies in the digital space and boost business operations.
What is the Criteria?
To qualify for CDAP, your business must meet the following:
Be incorporated or federally or provincially, or be a Canadian resident sole proprietor
Be a for-profit, privately owned business
Have between 1-499 full time equivalent employees
Have at least $500,000 of annual revenues in one of the previous tax years
How does CDAP work?
During the application process for CDAP, you are given a questionnaire consisting of 50 multiple choice questions. This questionnaire will use your answers to place your company on a benchmark against your competitors in your market/industry while also providing insight on which areas of your business may need the most improvement. Once approved, you are given a list of approved advisors that will help with strengthening your business. CDAP covers 90% of advisory costs, up to $15,000, and does not cover the cost of implementation or other fees that may be included within your strategic roadmap.
How is IRIE Systems Involved?
IRIE Systems’ sister company, Red Pill Labs, is an approved advisor for CDAP. Our team helps clients complete the application process and, as an approved CDAP advisor, develops the strategic roadmap for your company’s success.
How do you get Started with CDAP?
You can contact us to help you apply or to learn more information. The application link for CDAP can be found here: https://www.ic.gc.ca/eic/site/152.nsf/eng/00013.html