Couch & Associates is helping organizations utilize CDAP grants as 95% of the program’s budget remains unspent TORONTO, May 16, 2023 (GLOBE NEWSWIRE) — The Canada Digital Adoption Program (CDAP) was launched in 2022 with the objective of supporting Canadian businesses in their digital transformation journey. The program provides funding to eligible organizations to develop a digital adoption plan followed by an interest-free loan to invest in technology acquisition and implementation. CDAP’s ultimate goal is to foster growth and make Canadian organizations more competitive in the global market. The program was allocated $4 billion to be distributed between 90,000 organizations. However, a recent article by the Globe & Mail revealed that only around 3% of the total budget had been spent in the first year of the four-year program. The main reasons cited for the slow progress were difficulty navigating the application process and a lack of marketing to promote the program. Nonetheless, CDAP has been a notable success for organizations that were able to apply and receive funding. Grant recipients have leveraged the program to adopt new digital technologies and enhance their online presence, resulting in increased sales, improved customer engagement, and overall business growth. One such example […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
