Business Incentives
On Thursday, March 3rd, 2022 the Government of Canada announced the full launch and opening of the Canada Digital Adoption Program (CDAP). $1.4 billion is available in grants and advisory services to small and medium-sized enterprises (SMEs) to help Canadian businesses to stay competitive and grow. $4 billion in total funding is available to small and medium-sized enterprises (SMEs) to help cover the cost of implementing digital transformation plans. There is up to $2.6 billion in interest-free loans from the Business Development Bank of Canada (BDC) to help cover the cost of implementing digital transformation plans.
M&Co is a qualified CDAP Digital Advisor working with SMEs under Stream 2 of the CDAP.
M&Co. also works with you on the application process for receiving government incentives, and guides you through the process of planning and preparing documentation.
M&Co. is the advisory solution to help take your SME to the next level. A true partner, M&Co. takes a collaborative, relationship-driven approach to client service.
When you work with us, you get the attention you deserve from expert staff who recognize your specific industry challenges. M&Co. is your partner in creating digital pathways and strategies that will help you achieve your unique business goals.
Do you Qualify for Funding?
The Boost Your Business Technology grant offers support to Canadian-owned small and medium-sized enterprises (SMEs) who want to adopt new digital technologies. In order to qualify for the grant, the Government of Canada has outlined the following four 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
If you are unsure whether you qualify for Boost Your Business Technology Grant, complete the CDAP Assessment Tool.