Boost Your Business Technology with CDAP
What is CDAP?
The Canada Digital Adoption Program (CDAP) is a federal government grant program that will facilitate digital transformation in SMBs across Canada and accelerate growth by adopting digital tools in the workplace. Launched in 2022, this $4 billion program offers grants for small businesses to access digital advisory services. With the CDAP grant, your business can qualify for up to $15,000 in funding to work with digital transformation consultants to build a digital roadmap.
How will CDAP benefit my business?
With the CDAP grant, your business will work with digital transformation consultants to build a digital transformation roadmap by performing a digital needs assessment. Through this process, your advisor will uncover ways to increase productivity, consolidate processes, and propel your business forward in the digital age. Digital transformation strategy helps SMBs stay competitive in today’s rapidly changing business landscape.
By identifying gaps in your digital technology, we can become data-driven and introduce cost savings while making a more efficient and collaborative workplace.
SysGen is proud to be a registered digital advisor developing digital transformation roadmaps for businesses in Western Canada. Connect with us today!
Benefits of Digital Transformation
Increased Efficiency and Productivity
You can automate repetitive tasks and streamline processes by adapting digital tools to your business. This frees up resources that can be better allocated to critical business operations and improve collaboration among team members.
Through process automation and more efficient technology, we can reduce the cost of labour by improving processes and reducing errors. Digital tools improve your employee’s communication ability, making it easier to collaborate through tools such as video conferencing, instant messaging, and project management software.
Identify Gaps in Digital Capabilities
By conducting a digital needs assessment, SMBs can identify areas where they may need to catch up in terms of digital capabilities. This can include areas such as business processes, data management, and cybersecurity.
With digital technology, your business has enhanced data management to collect, analyze, and utilize data more effectively, leading to better decision-making and insights into business operations. With a data-driven approach, you can improve your customers’ experiences by providing personalized services that anticipate their needs and preferences.
What Is Included in a Digital Needs Assessment?
Current State Assessment
Digital transformation experts will help you to understand the strategic goals, the business and process challenges you face, and the current baseline of your current technology.
Technology Options Analysis
With SysGen’s expertise, we will identify what types of digital solutions you should consider and how those solutions align with the business goals and business imperatives.
We’ll develop a digital strategy that accounts for your governance and culture, business model, key processes to strategize the how you can optimize technology for your work methods, your informational and technological capabilities, and your cybersecurity maturity.
Digital Transformation Roadmap
Using the findings from the digital need assessment, an implementation roadmap will identify the key business actions to be done before the adoption of digital solutions as well as a proposed list of technology projects or initiatives. SysGen’s digital advisors will provide high-level project timelines, dependencies, and an appreciation for the costs, complexity, and level of change adopting these new technologies will require.
How Does the CDAP Grant Process Work?
Create your account on the Government of Canada website and confirm your eligibility for the CDAP Grant.
Apply for your CDAP grant and Select SysGen as your digital advisor to develop your digital adoption plan.
Work with SysGen’s expert digital transformation consultants to uncover gaps in your digital environment and build a roadmap.
Receive your digital needs assessment and submit your digital adoption plan to receive your grant payment.
Apply to BDC for an interest-free loan of up to $100,000 to help execute the implementation roadmap.
How Do I Action the Digital Roadmap?
After you’ve completed the Digital Needs Assessment, you may be asking yourself, how do I implement the digital roadmap?
With the CDAP program, $2.6 billion dollars are allocated in dedicated funding by the Business Development Bank of Canada (BDC) to help SMEs cover the cost of implementing digital transformation plans.
With the CDAP grant your business can access up to a $100k, 0% interest BDC loan to implement your digital plan.
Do I Qualify for the CDAP Program?
To qualify, your business must:
- Be Canadian owned
- Be for-profit
- Have 1 to 499 employees
- Had at least $500,000 in annual revenue in 1 of the last three years
To apply, you must be an owner or director to complete the application.
Are You Ready to Build Your Digital Transformation Roadmap?