Applications are now being accepted for the first stream of the Canada Digital Adoption Program, initially announced in the federal government's 2021 budget.
The $4 billion fund is comprised of two streams. The first provides funding of up to $336.8 million for not-for-profit organizations to support small businesses as they adopt digital technologies such as digital storefronts and e-commerce platforms, and expand their digital presence. The deadline for applications is Aug. 6.
The second stream will provide $2.6 billion in zero-interest loans to help businesses in Canada adopt new technologies.