Agreement Value:
$64,159,375.00
Agreement Date:
Mar 28, 2022 - Mar 31, 2025
Description:
The Project will help develop Canada’s next generation of technology talent while supporting eligible small and medium-sized enterprises (SMEs). Youth participants, aged 18-30, will be provided valuable on-the-job experiential learning opportunities, once matched with an eligible SME that is seeking to implement its Digital Adoption Plan received through the Canada Digital Adoption Program, Boost Your Business Technology Stream
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
Canadian small businesses and entrepreneurs, particularly equity deserving groups:
-Have access to programs and services to digitize their businesses
-Receive support to digitize and develop ecommerce capabilities
-Are able to sustain and grow their businesses
Location:
TORONTO, Ontario, CA M5B2K3
Reference Number:
033-2021-2022-Q4-514281
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
119130383
Additional Information:
value changed from $139,300,000 to $64,159,375 as per contract amendment, 2021/22 to 2024/25. Legal name changed from Ryerson University to Toronto Metropolitan University. Operating name changed from Ryerson University to Toronto Metropolitan University.
Amendment Date
Feb 9, 2024
Recipient's Operating Name:
Toronto Metropolitan University
Recipient's Legal Name:
Toronto Metropolitan University
Federal Riding Name:
Toronto Centre
Federal Riding Number:
35108
Program:
Canada Digital Adoption Program - Boost Your Business Technology
Program Purpose:
The Boost your Business Technology Stream offers financial support to small and medium Canadian-owned enterprises (SMEs), such as small manufacturing and food processing operations, to adopt new technologies. Support for these businesses will be in the form of grants to offset the cost of retaining Digital Advisors who will develop Digital Adoption Plans tailored to the business. The grant will cover up to 90% of the cost to develop the digital plan, up to a maximum grant payment of $15,000.