Financial Support for Digital Transformation

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Ready to start your journey of Digital Transformation but need some financial support? We’ve compiled a list of programs designed to support small to medium sized businesses with non-repayable grants and loans to kick start their journey to adopting new technology and stepping into the digital age with their best foot forward! Read our list of our favorite Canada Wide and Ontario specific programs below and Contact one of our experts to find out which program is right for you and how we can help you get started!

Canada Wide Programs

Canada Digital Adoption Program (CDAP) 

  • Covers up to a maximum of $15,000 in non-repayable grants 
  • Designed to financially support SMEs to make digital adoptions to remain competitive in this digital age.
  • Applications ongoing
  • Read more here

Canada Media Fund: Experimental stream 

  • Covers 50-75% of project costs up to 1.5M in repayable funding 
  • Provides financial support for conceptualization, prototyping, production, and marketing projects. Interactive projects including apps, software, virtual reality, and video games.
  • Applications currently closed, may reopen in 2024
  • Read more here

CanExport SMEs 

  • Covers up to 50% of costs to a maximum of $50,000 in non-repayable exporting grants
  • SME’s seeking to develop new export opportunities and markets; virtual trade events, website SEOs, adaptation of marketing tools and research.
  • Applications Ongoing
  • Read more here

NGen Manufacturing Program

  • Covers up to 50% expenses to a max of 8.8M in repayable funding
  • Supports businesses develop high-potential technologies and adopt tech; transformational technology development, adoption, diffusion, and manufacturing development.
  • Applications currently closed, set to reopen in 2023
  • Read more here 

Ontario Businesses Only

Tourism Development Fund (TDF)

  • Covers up to 50% in costs, no maximum, in non-repayable grants 
  • Supports not for profit organizations to develop new tourism services, tourism attraction.
  • Applications ongoing
  • Contact us for more information

Advanced Manufacturing and Innovation Competitiveness (AMIC) 

  • Covers up to 15% of costs to a maximum of 5M in funding 
  • Supports SMEs operating in the manufacturing industry to invest in capital equipment, adopt technology, and develop employee skills 
  • Applications currently open
  • Read more here

FedDev Ontario Business Scale-up and Productivity (BSP) 

  • Covers up to 35% of project costs to a maximum of 10M in repayable funding
  • Supports businesses to adopt new innovative technologies that support scale-up, productivity, and development to become globally competitive.
  • Applications ongoing
  • Read more here

 

Contact us to find out which program is best for you and get started on your Digital Transformation journey today!

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