Boost Your Business Grant X Red Pill Labs
Red Pill Labs is Proud to be a Canadian Digital Adoption Program Advisor
Red Pill Labs is now a certified Canadian Digital Adoption Program (CDAP) advisor. There is one program but two grants, our focus is “Boost your Business Technology Grant”. Our advisors here at Red Pill Labs can help you through the process of applying for the Boost Your Business Technology Grant.
How the Boost Your Business Technology Grant Criteria
Before you apply for the grant, confirm your business aligns with the criteria.
Be incorporated or 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 tax years
Boost Your Business Technology Grant Application Process
Applications must be completed by an owner, or a director listed in the articles of incorporation to provide basic information in the initial application.
Applicants will be asked to complete a digital needs assessment to access their business’ digital readiness and maturity. The digital needs assessment tool will generate a report outlining the applicant’s digital maturity and compare it to an industry-specific benchmark.
Once the digital needs assessment is completed, applicants will access the Digital Advisor Marketplace to select a digital advisor, such as Red Pill Labs, to partner with to develop the digital adoption plan. be able to find a digital advisor to develop their digital adoption plan.
Applicants and their digital advisor will then agree on the terms of work, and final cost for creating the digital adoption plan.
When their digital advisor has completed their digital adoption plan, applicants can submit it to process the grant payment.
Contact our CDAP expert advisors to help with the application process
With the plan submitted to CDAP SMEs can apply for an interest-free $100,000 loan to fulfill the plan, those who participate in stream 2 are also eligible for a youth wage placement subsidy. The youth wage placement subsidy is meant to provide additional support for SMEs undergoing digital adoption.
How Our CDAP Advisors Can Help You
The Red Pill advisors will work with you to analyze your business to prioritize how and where to adopt technology that will greatly impact your business. For example, our advisors will conduct an overview of your business strengths, weaknesses, opportunities and threats and align your business objectives with solutions. Our advisors will identify a minimum of three potential digital/technological solutions and how each solution can benefit the business. When you're ready to take the red pill and boost your business technology visit Red Pill Labs.