What is Digital Adoption ?
Digital adoption is the strategic process by which companies integrate and leverage new technologies to enhance operational efficiency, drive innovation, and achieve business objectives. It involves not only the implementation of digital tools but also ensures that employees and stakeholders are proficient in using these technologies to their fullest potential. Effective digital adoption requires comprehensive onboarding, continuous training, and performance support to foster a culture of adaptability and continuous improvement.
Navigating the post-COVID business landscape requires adaptability and resilience. Companies must be equipped to withstand external challenges and swiftly recover from disruptions. TAH is dedicated to empowering diverse businesses with digital solutions that not only optimize current operations but also ensure sustainable growth and built-in resilience for the future.
How can Digital Adoption help your business
Improved Operational Efficiency
By integrating digital tools, businesses can streamline processes, reduce manual tasks, and enhance overall productivity
Enhanced Customer Experience
Digital adoption allows businesses to offer better customer service through personalized interactions, faster response times, and more efficient service delivery
Increased Employee Productivity
With the right digital tools, employees can work more efficiently, collaborate better, and focus on higher-value tasks
By embracing digital adoption, businesses can stay competitive, innovate continuously, and achieve long-term success in an increasingly digital world
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WHAT IS CANADA'S DIGITAL ADOPTION PROGRAM
The Canada Digital Adoption Program (CDAP) is a government initiative designed to help small and medium-sized enterprises (SMEs) embrace digital technologies to enhance their business operations. Here are some key points about the program
–CDAP Boost Your Business Technology grant empowers SMEs
–Reduce overhead costs
–Speed up transactions
–Manage inventory more efficiently
–Improve supply chain logistics
GET A $15,000 GRANT
FOR AUTOMATION
A benefit from the Canada Digital Adoption Program is to mitigate the current labor shortage. Automation allows you to automate everyday tasks within your organization, improve customer service, track inventory, automatically reorder stock, reduce your operating costs and improve your overall supply management.
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 automation of the digital adoption plan
GET A $15,000 GRANT
FOR AUTOMATION
The Canada Digital Adoption Program offers a strategic advantage in addressing the current labor shortage. By integrating automation, organizations can significantly reduce operational costs while streamlining daily operations. Enhanced customer service, efficient inventory management, automated stock reordering, and optimized supply chain management are just a few of the benefits that contribute to substantial cost savings.
How Organizations Can Apply for CDAP Funding
Confirm Your Eligibility
Use the self-assessment tool to determine if you are qualified.
Register to CDAP
Work with TAH
Contact our team to get your project started.
Get Funding
TAH stands at the forefront of innovation as an industry leader in CDAP Automation
With A 100% Success Rate
3
CDAP Proposals
10 Yrs.+
Digitization Adaption Exp.
3
Proposals That Passed
5
Dedicated Experts
Business Development Bank of Canada (BDC) CDAP Loan
After you received your approved CDAP Plan from TAH and If you’re ready to move forward on your digital adoption plan but you don’t have the necessary cashflow, the BDC can help.
Eligibility
You’re eligible if you have completed a digital adoption plan:
as part of CDAP and have received your grant OR
under another recognized digital adoption program and submitted it to CDAP
BDC Loan Details
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.
Get A FREE Digital Needs Assessment
Organizations aiming to elevate their digital transformation efforts, click the tab below for the next steps.
A digital needs assessment helps companies pinpoint current system short comings and uncover digital opportunities.
By understanding the specific digital needs of your organization, companies can allocate resources more efficiently, minimizing risks and redundancies.
Staying ahead in a rapidly evolving digital landscape requires continuous improvement. A digital needs assessment helps companies stay competitive.
Access to detailed insights from a digital needs assessment enables better decision-making. Companies can make informed choices about which technologies to adopt.
Frequently Asked CDAP Questions
Most of our clients received their approval within 72 hours on average.
Many of our clients across serval industries, were successfully approved (SaaS, Insurance, etc.)
After your automation plan is complete, simply upload your invoice to the ISED website and receive the funding.
Your application has to be submitted by an approved company director, but we can help walk you through the process.
Only professional services are currently covered by the CDAP grant.
The funding comes with no engagement or strings attached. It is 100% free.
Yes, BDC is one of the registered service providers on the Digital Advisors Marketplace. If your business is deemed eligible for the Boost Your Business Technology stream, you will have access to a curated list of service providers that are right for you on the Digital Advisors Marketplace. You can then select the service provider that meets your needs.
Please note that selecting BDC as an advisor will not affect your chances of qualifying for a zero-interest loan. All businesses are treated equally, whether they are existing BDC clients or not.
If you have a Systems Selection plan or a digital adoption plan from BDC Advisory Services, or if you have another plan created by a digital adoption program recognised by ISED, you are invited to apply through the CDAP portal for the Boost Your Business Technology stream. During the application process, select the fast-track option and upload your plan. After it is approved, you will be referred to BDC to apply for the 0% loan.
To account for uncertainties and delays caused by the pandemic, existing plans of up to 24 months old are eligible for CDAP.
For the complete list of recognised programs, visit ISED’s website.
You will have 6 months from the time you receive your personalized link from ISED to BDC to complete your loan application. If you’ve completed a digital adoption plan through another recognized program, you have 30 days to apply. If you exceed this timeframe, you will be ineligible for the loan.
Zero-interest loan of up to $100,000 with a 5-year term + 12 months capital postponement (total of 6 years). CDAP is a four-year program, so you can apply for the program until 2026.
The amount of the loan is determined by the size of your business. If your annual gross revenues are:
- between $500,000 and below $5M you can request a loan of between $25,000 and $50,000
- $5M and more, you can request a loan between $25,000 and $100,000
The loan must be used solely for the implementation of a digital adoption plan that is recognized by the CDAP Boost Your Business Technology stream .
Please note that although the loan request is being made under CDAP, applicants must meet CDAP eligibility criteria and BDC credit worthiness requirements to receive a loan offer.
You can create your digital adoption plan, receive the grant that covers up to 90% of advisory services and then decide against the zero-interest loan. Participating in the digital plan portion of CDAP does not oblige you to apply for a loan. If you move forward to implement your plan, you can also source the required funds from your own cashflow or from your regular financial institutions.
The first step before applying for the loan is to have a digital adoption plan that is recognized by the CDAP Boost Your Business Technology stream. If you already have a digital adoption plan that was developed through a recognized government digital adoption program, you may be eligible to proceed directly to a loan application without developing a new plan.
Once your digital adoption plan has been reviewed by CDAP and if you are interested in applying for a loan, ISED will send you an email with a personalized link.
Please note that although the loan request is being made under CDAP, applicants must meet CDAP eligibility criteria and BDC credit worthiness requirements in order to receive a loan offer.
No. The loan under this program must be used to implement your digital adoption plan. You must be willing to attest to the use of the funds. Please understand that CDAP can audit you on this point.
The program eligibility is only one step in the process of making the loan request.
Your business may be declined for multiple reasons. For example, it may not have met BDC’s credit worthiness criteria (ex: credit history, etc.).
Please note that although the loan request is being made under CDAP, applicants must meet CDAP eligibility criteria and BDC credit worthiness requirements to receive a loan offer.
Also, as the CDAP zero-interest loan is part of a standard loan application, standard banking practices apply. A declined loan request is reflected in your credit score. This is part of the consent you provide when applying for the loan.
