A grant system meant to help SME’s adopt new technologies to increase competitiveness and resilience.
Three components:
GRANT TO HIRE AN ADVISOR
Up to 90% of costs for retaining the services of a digital advisor, to a maximum of $15,000 per SME.
0% INTEREST LOAN TO ACQUIRE TECHNOLOGY
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 TO HIRE:
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:
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
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