Rocket Boosters
Grant Funding Assistance
Smart money is good money.
As a Canadian founder, you have access to hundreds of grants, vouchers, and other non-dilutive funding sources to ease the financial burden of making your vision a reality. At Vertical Motion, we simplify this process by assisting you in identifying non-dilutive funding opportunities and compiling the necessary information to complete your application on time. Our extensive experience in facilitating the grant application process will help you tell your story the right way to maximize your chances of application approval.
Canadian Digital Adoption Program (CDAP)
The federal government of Canada recognizes Vertical Motion as a Digital Advisor of the Canada Digital Adoption Program (CDAP). This program allows our eligible clients to offset up to 90% of the costs associated with the development of a custom digital adoption plan.
The Canada Digital Adoption Program (CDAP) is a $1.4 billion investment fund by the Government of Canada that aims to support the digital transformation of small and medium-sized enterprises (SMEs). The program provides eligible Canadian businesses with financing, tools, and resources to develop and implement digital transformation plans to propel their business forward. Whether your goal is to reduce overhead expenses, improve inventory management, overcome supply chain bottlenecks, or enhance business operations, the Canada Digital Adoption Program (CDAP) can help you reach your targets.
- Up to $15,000 in Non-Dilutive Funding
- Up to $100,000 in BDC 0% Interest Loans
- Up to $7,300 in Wage Subsidies
- Custom-Tailored Digital Adoption Plan
- Free Business Digital Readiness Assessment Tool
CDAP Eligibility Criteria
- Is a for-profit business
- Is a privately owned business
- Is a sole proprietor whose owner is a Canadian resident OR a business incorporated under the laws of Canada or a province or territory
- Has between 1 – 499 full-time equivalent employees
- Has at least $500,000 in annual revenue as of the closing date of their last fiscal year-end but no more than $100M in one of the previous three tax years
- Is a Canadian-controlled Private Corporation (CCPC) as defined by the Canada Revenue Agency (applicable if the business is incorporated under the laws of Canada or a province or territory)
- Is a business that respects human rights codes, labour, environment and anti-corruption standards, as well as engages exclusively in legal activities
- Is not a business that has a class of shares publicly traded on a stock exchange (in Canada or outside)
- Is not a majority or wholly owned subsidiary or branch or sales office of a multinational corporation (MNC)
- Is not a business whose revenue model is designed to be economically dependent on non-commercial sources such as direct government funding or private donations
- Is not a government organization or body (other than an Indigenous entity or body) or an entity in which a government organization or body (other than indigenous entity or band) owns equity interests
- Is not a not-for-profit entity such as a union, charitable, religious or fraternal organization or business owned by such organizations, nor a business that exists as a fundraising vehicle for charities
- Is not a business in which equity interests are held by any current member of the Parliament of Canada or any current member of the Senate of Canada other than a business whose equity interests are publicly traded
- Is not a business that promotes violence, incites hatred or discriminates on the basis of race, national or ethnic origin, color, religion, sex, age or mental or physical disability nor does it trade with countries proscribed by the government of Canada
- Is not a business that directly or indirectly promotes sexual exploitation or disseminates media content that is sexually explicit
- Is not a business that has been determined to have pled guilty to or been convicted of tax evasion or a criminal offence
