True or False? CDAP: You can use the $15,000 grant as you wish.

🔴 FALSE 🔴

The $15,000 Steam 2 grant can only be used to pay for a digital advisor to develop a digital adoption plan. This grant cannot be used to cover any other costs. 

The grant covers up to 90% of the costs of developing the digital adoption plan by a digital advisor registered in the program Marketplace. The SMB must cover 10% of the costs charged by the digital advisor and any amount in excess of $15,000, including taxes.

To fund your digital implementation work, other forms of financial assistance are available (Youth Internship Grant and BDC interest-free loan).

If you have any questions about the Canadian Digital Adoption Program, email me privately!

For more details see our article: CDAP Stream 2: Frequently Asked Questions (FAQ)

To determine your eligibility immediately: Canada Digital Adoption Program— Grant assessment tool

Eric Magnan is a registered digital advisor with the CDAP.
We look forward to working with you to develop your digital adoption plan!

#CDAP