Government Programs - Digitize Media Corp

CDAP

The Canada Digital Adoption Program (CDAP) has been established to help small and medium-sized enterprises (SMEs) realize their full potential by adopting digital technologies. Announced in Budget 2021, the $4 billion program is an investment of $1.4 billion in grants and advisory services to SMEs from the Government of Canada and up to $2.6 billion in loans from the Business Development Bank of Canada to help businesses cover the costs of implementing new digital technologies.

SR&ED

Few funding programs receive as much attention as the Scientific Research and Experimental Development (SR&ED) tax credit—and for good reason. It allows Canadian-Controlled Private Corporations (CCPCs) to recover a portion of their innovation investments.

SR&ED, a federal tax incentive program administered by the Canada Revenue Agency (CRA), encourages businesses of all sizes and sectors across Canada to engage in research and development (R&D) activities.

RAII

The Regional Artificial Intelligence Initiative (RAII) is a Canadian program designed to support the development and adoption of artificial intelligence (AI) technologies. With a funding pool of $200 million managed by Canada’s regional development agencies, RAII aims to help businesses and organizations transform AI innovations into practical solutions and competitive advantages.

BSP

The Business Scale-up and Productivity (BSP) program is a government initiative in Canada designed to support high-growth businesses that aim to scale up, innovate, and increase their productivity. Administered through Canada’s Regional Development Agencies (RDAs), BSP focuses on accelerating the growth of firms, fostering innovation, and enhancing their ability to compete in domestic and international markets

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