Boost Your Business Technology

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About Boost Your Business Technology

The Boost Your Business Technology grant offers Canadian-owned small and medium-sized enterprises (SMEs) support to adopt new technologies in order to increase competitiveness and resilience. Boost Your Business Technology can help get your business online, give your e-commerce presence a boost, or digitalize your business's operations. These grants are designed to help Canadian businesses become more competitive.

In addition to helping your business scale up its technology and become more resilient and competitive, the program also offers wage subsidies to hire youth to support the implementation of new technology and strategies.

Components of the Boost Your Business Technology Grant

Eligible businesses can access the following benefits:

Grant

Up to 90% of costs for retaining the services of a digital advisor, to a maximum of $15,000 per SME.

Loan

Access to a 0% interest loan of up to $100,000 from the Business Development Bank of Canada (BDC) to facilitate the acquisition of new technology.

Wage Subsidy

Opportunity to hire a youth to support the implementation of a digital adoption plan. Businesses will receive a wage subsidy of up to $7,300 through the funded work placement.

Eligibility

Only an owner or a director (listed in the articles of incorporation) can complete the application form. If you are not listed in the articles of incorporation, unfortunately your application will be rejected automatically.

Eligible business can leverage this grant to pay for the services of a digital advisor up to $15,000 and access an interest free loan of up to $100,000 to acquire and implement new technologies. Before applying, your business must meet all of the following eligibility criteria:

Be incorporated 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 three tax years

Wage Subsidy Criteria:

Businesses that are eligible for CDAP’s Boost Your Business Technology and have completed their digital needs assessment can apply for a wage subsidy of up to $7,300 to hire youth talent to support your digital transformation. Before completing your hire, please note the following eligibility criteria for youth hires:

Be aged between 18-30.

Canadian citizens, permanent residents, or refugees with the right to work in Canada.

Currently enrolled in post-secondary program of study in college, university, CEGEP, Polytechnic institute or private training institution in relevant fields; or

Recent graduates from college, university, CEGEP, Polytechnic institute, or private training institution (digital skills programs).

For greater certainty, a recent graduate is a youth who has graduated from a post-secondary institution (in Canada or an international school) within the past two years. Participating youth must be:

1.Canadian citizens,
2.permanent residents, or
3.refugees with the right to work in Canada.

The Youth must not have previously benefited from a completed CDAP Boost Your Business Technology Work Placement. Youth having previously participated in Grow Your Business Online placements are eligible.