Loan amount

Up to $100k1

Interest rate

0% interest

Term

5 years

You will be redirected to Innovation, Science and Economic Development Canada's (ISED) website. Loan only available upon completion of an approved digital adoption plan.

What is CDAP?

The Canada Digital Adoption Program (CDAP), by the Government of Canada, helps small and medium-sized enterprises (SMEs) adopt digital technologies to increase their competitiveness. Eligible businesses will receive a grant2 to build their digital plan, followed by a 0% loan of up to $100,0001 to implement it.

What does it cover?

The loan covers items directly related to the digital plan. Some examples are:

  • Acquiring IT equipment
  • Installation of new technologies
  • Updating and/or expanding IT equipment
  • Training staff on onboarded technologies
  • Materials and support services directly related to onboarding the technology
  • Further advisory services on particular aspects of the digital adoption plan

How to apply

ISED
1. Register

Get started on Innovation, Science and Economic Development Canada’s (ISED) website.

ISED
2. Build a plan

Build your digital plan with the help of an ISED-approved partner.

ISED
3. Get approved

Once ISED validates the plan, submit your invoices to receive up to $15,000 to cover your advisory fees2.

BDC
4. Apply with BDC

Once your plan is approved, use the personalized link in your email to apply for a loan of up to $100,0001.

You will be redirected to Innovation, Science and Economic Development Canada's (ISED) website. Loan only available upon completion of an approved digital adoption plan.

Why apply?

Get access to an expert

Cover up to 90% of the cost of hiring a digital advisor2.

Increase your competitiveness

Digitally mature businesses are more likely to export, enjoy high sales growth and make more profit.

12 months capital postponement

Acquire new technology while preserving your cash flow.

We're here to help

BDC’s Advisory Services team is one of Canada Digital Adoption Program's (CDAP) network of approved partners. We can show you how to digitize your business and achieve your strategic goals. We provide the tools and knowledge to support your digital adoption initiatives in a hands-on approach.

Ready to boost your business technology?

Start your application online.

You will be redirected to Innovation, Science and Economic Development Canada's (ISED) website. Loan only available upon completion of an approved digital adoption plan.

Frequently asked questions

1Loan amount is based on size of business: Business with revenues between $500,000 and less than $5M can request a loan between $25,000 and $50,000, Businesses with revenues $5M and more can request a loan between $25,000 and $100,000. Loan only available upon completion of an approved digital adoption plan. In addition to Innovation, Science and Economic Development Canada's (ISED) approval process, applicants must meet BDC’s credit worthiness and eligibility criteria to get a 0% interest loan. Five-year term loan with the possibility to postpone principal payments for 12 months at the start of the loan.

2Innovation, Science and Economic Development Canada (ISED) is responsible for approving digital adoption plans and providing grant money. The grant covers 90% of the eligible cost of the advisory service, up to a maximum amount of $15,000 per SME.

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