Lenovo Digital Transformation Grant
Lenovo is providing $100,000 in funding through the Scale-Up Institute Toronto’s Recovery Activation Program (RAP) to support women- or BIPOC-led SMEs in their efforts to enhance their digital maturity.
Lenovo digital transformation grants are going to be distributed to 10 inspiring women or BIPOC owned or led businesses which are ready to demonstrate their small business’ equity, diversity, and inclusion initiatives and who have completed one or more RAP program segments. Each SME are going to be awarded $10,000 to assist unlock the potential of their business with digital transformations.
The Recovery Activation Program helps SMEs leverage technology to draw in new customers, improve supply-chain efficiencies, virtually manage their workforce, streamline costs, and more. The Digital Needs Assessment (DNA) is the entry point to a comprehensive suite of no-cost RAP programming. RAP is delivered through two streams that need DNA completion: the Digital Blueprint Program and therefore the Digital Certificate Program. The Scale-Up Institute Toronto also offers the RAP Webcast Series, available to all or any interested SMEs.
Following completion of a RAP stream, SMEs invest a mean of $20,000 in digital transformation initiatives. The Lenovo Digital Transformation Grant will give women- or BIPOC-led SMEs a big boost on their digital transformation journey by funding half the typical investment required.
REQUIREMENT FOR ELIGIBILITY
-Business a minimum of 50% owned or led by women or BIPOC
-Completed your Digital Needs Assessment (DNA) at wtctoronto.com/rap/
-Completed a minimum of one RAP stream (RAP Digital Blueprint and/or Digital Certificate) – complete your DNA and -our team are going to be in-tuned with options to finish a RAP stream.
-Application open: 8 November 2021
-Webcast to find out more about Lenovo and therefore the grant: 13 December 2021
-Application close: 10 January 2022
-Winners announced: 1st week of February 2022
-End of grant period: 4 July 2022
Applications are going to be evaluated in two ways: whether the tiny business meets the minimum eligibility requirements and therefore the quality of responses to 3 application questions.