The Boost Your Business Technology grant offers support to Canadian-owned small and medium-sized enterprises (SMEs) who want to adopt new digital technologies.
Eligible businesses will have access to a marketplace of digital adoption experts to help them develop a digital adoption plan tailored to their needs.
Eligible businesses can leverage the grant to pay for the services of a digital advisor. These advisors will work with companies to recommend digital pathways and strategies that will help them achieve their business goals and increase their competitiveness in the digital economy.
The grant covers up to 90% of the eligible cost of retaining the services of a digital advisor, up to a maximum grant value of $15,000 per SME, to develop a digital adoption plan.
Businesses also have the opportunity to secure a 0% interest loan from the Business Development Bank of Canada (BDC) to facilitate the acquisition of new technology. In addition, applicants can leverage the help of talented post-secondary students and recent graduates through subsidized work placements.
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
Please note that only an owner or a director (listed in the articles of incorporation) can complete the application form, and the business must meet all eligibility criteria.
For more information and to apply please visit the Government of Canada website.
Contact McCay Duff LLP in Ottawa for Experienced Advice on How to Leverage the Boost Your Business Technology Grant
McCay Duff LLP in Ottawa can assist your business. The business advisors at McCay Duff LLP can help you identify all the steps required to support your growing business. Contact us today by phone at 613-236-2367 or reach out online.