Technology Adoption Grant Mechanism
The main objective of the award of such a grant would be to assist new and existing businesses to adopt technology within the day-to-day operations of their business.
The Technology Adoption Grant, a key component of the CARDTP, offers financial support and expert guidance to businesses aiming to digitalize.
Specific benefits include:
Managerial and Business Advisory Training: To help businesses optimize operations through digital tools.
Financial Assistance: Grants to facilitate the acquisition of digital technologies.
Enhanced Market Competitiveness: Through digital skills training and technology adoption, businesses can reach wider markets and improve service delivery.
Project Implementation
The grant program is meticulously designed to ensure effective implementation and monitoring:
Monitoring and Evaluation: Regular assessments to ensure the technology adoption aligns with the project's strategic objectives.
The Grant Parameters
The grant parameters would be set as follows:
Maximum funding to be provided per request - XCD 10,000.00
Eligibility will be assessed from two dimensions - the applicant’s eligibility and the proposal’s eligibility.
Micro, Small and medium firms must complete the managerial training program before the grant is awarded.
