ELIGIBILITY
Only (one) 1 grant per registered business
Business must be registered and headquartered in New Brunswick Is a for-profit business.
Must commit to maintaining strategy/adoption for at least six months after participating in the program.
Must consent to participating in follow-up surveys, sharing information with the Government of Canada, and having the name of the business published as a recipient of funding.
Must have had at least $30,000 in annual revenue in the most recent tax year.
The following types of small businesses are ineligible:
Corporate chains, franchises, licensed brands, or registered charities.
Representatives of multi-level marketing companies.
A brokerage firm and their agents. (real estate, investment, insurance, etc.)
Businesses that engage in online reselling or drop-shipping businesses reliant on third-party suppliers.
POTENTIAL PROJECTS:
Artificial Intelligence (AI) Integration:
Chatbots for Customer Support: Deploy chatbots on your website or messaging platforms to handle routine customer queries.
Automated Email Marketing: Utilize AI tools for personalized email marketing campaigns, as well as analyze customer behavior to send targeted and relevant content, improving conversion rates.
Data Analytics for Decision Making: Leverage AI-driven analytics tools to make sense of business data. (Gain insights into customer preferences, market trends, and operational efficiency to inform strategic decisions.)
Social Media Management: Use AI tools to schedule posts, analyze engagement patterns, and identify optimal posting times. Enhance social media presence and effectiveness without manual monitoring.
Predictive Analytics for Inventory Management: Implement AI algorithms to predict demand and optimize inventory levels. Reduce excess inventory costs and minimize stock outs, improving overall supply chain efficiency.
Automated Bookkeeping and Accounting: Adopt AI-powered accounting software to automate bookkeeping tasks. Streamline financial processes, reduce errors, and save time on manual data entry.
HR and Recruitment Assistance: Use AI in recruitment processes to screen resumes and identify suitable candidates. Streamline hiring processes and improve the efficiency of HR functions.
Personalized Customer Recommendations: Implement AI algorithms to analyze customer preferences and behavior. Provide personalized product or service recommendations, increasing customer satisfaction and sales.
POTENTIAL PROJECTS:
Integration of Artificial Intelligence (AI) for Cybersecurity:
Threat Detection and Response: AI-powered tools can analyze vast amounts of data in real time, enabling early detection of potential threats. Automated responses enhance the ability to counteract cyberattacks ly.
Anomaly Detection: AI algorithms excel at identifying abnormal patterns and behaviors, aiding in the early detection of suspicious activities that may go unnoticed by traditional cybersecurity measures.
Streamlined Operations: AI integration streamlines security processes, reducing the burden on small business owners and IT personnel. This allows for more efficient resource allocation and focus on core business activities.
Predictive Analysis: AI's predictive capabilities help anticipate potential cyber threats, allowing businesses to proactively address vulnerabilities before they can be exploited.
Cybersecurity
Password Management: The implementation of a robust password management system. This includes integrating a reliable password manager, enforcing strong password policies, and providing education on creating secure passwords.
Multi-Factor Authentication (MFA): Integrating MFA wherever feasible. By adding an extra layer of authentication beyond passwords, MFA significantly enhances security.
Security Headers: These headers offer additional protection against common web vulnerabilities, safeguarding sensitive data.
Backup and Recovery Plan: Encryption and automation of data backup and recovery
Secure Wireless Connection: For businesses utilizing Wi-Fi, review, and configuration of network to adhere to the latest encryption standards. Regular reviews of connected devices ensure ongoing security.
Patch Management: Ensuring that software and operating systems are up to date and configured to the latest security standards, including the application of security patches to address known vulnerabilities.
Endpoint Security: Installing and maintaining antivirus software across all devices, while scheduling regular malware scans to protect against threats.
Access Control: Limiting access to sensitive data through file management policies, granting permissions only as necessary for each client/employee's role within the project.
Incident Response Plan: Development of an incident response plan. Clear steps are outlined to handle security breaches or data compromises effectively.
CBDC Madawaska (506) 737-8925
CBDC Madawaska Cybersecure NB
ELIGIBILITY
Only (one) 1 grant per registered business
Business must be registered and headquartered in New Brunswick Is a for-profit business.
Must commit to maintaining strategy/adoption for at least six months after participating in the program.
Must consent to participating in follow-up surveys, sharing information with the Government of Canada, and having the name of the business published as a recipient of funding.
Must have had at least $30,000 in annual revenue in the most recent tax year.
The following types of small businesses are ineligible:
Corporate chains, franchises, licensed brands, or registered charities.
Representatives of multi-level marketing companies.
A brokerage firm and their agents. (real estate, investment, insurance, etc.)
Businesses that engage in online reselling or drop-shipping businesses reliant on third-party suppliers.
POTENTIAL PROJECTS:
Artificial Intelligence (AI) Integration:
Chatbots for Customer Support: Deploy chatbots on your website or messaging platforms to handle routine customer queries.
Automated Email Marketing: Utilize AI tools for personalized email marketing campaigns, as well as analyze customer behavior to send targeted and relevant content, improving conversion rates.
Data Analytics for Decision Making: Leverage AI-driven analytics tools to make sense of business data. (Gain insights into customer preferences, market trends, and operational efficiency to inform strategic decisions.)
Social Media Management: Use AI tools to schedule posts, analyze engagement patterns, and identify optimal posting times. Enhance social media presence and effectiveness without manual monitoring.
Predictive Analytics for Inventory Management: Implement AI algorithms to predict demand and optimize inventory levels. Reduce excess inventory costs and minimize stock outs, improving overall supply chain efficiency.
Automated Bookkeeping and Accounting: Adopt AI-powered accounting software to automate bookkeeping tasks. Streamline financial processes, reduce errors, and save time on manual data entry.
HR and Recruitment Assistance: Use AI in recruitment processes to screen resumes and identify suitable candidates. Streamline hiring processes and improve the efficiency of HR functions.
Personalized Customer Recommendations: Implement AI algorithms to analyze customer preferences and behavior. Provide personalized product or service recommendations, increasing customer satisfaction and sales.
POTENTIAL PROJECTS:
Integration of Artificial Intelligence (AI) for Cybersecurity:
Threat Detection and Response: AI-powered tools can analyze vast amounts of data in real time, enabling early detection of potential threats. Automated responses enhance the ability to counteract cyberattacks ly.
Anomaly Detection: AI algorithms excel at identifying abnormal patterns and behaviors, aiding in the early detection of suspicious activities that may go unnoticed by traditional cybersecurity measures.
Streamlined Operations: AI integration streamlines security processes, reducing the burden on small business owners and IT personnel. This allows for more efficient resource allocation and focus on core business activities.
Predictive Analysis: AI's predictive capabilities help anticipate potential cyber threats, allowing businesses to proactively address vulnerabilities before they can be exploited.
Cybersecurity
Password Management: The implementation of a robust password management system. This includes integrating a reliable password manager, enforcing strong password policies, and providing education on creating secure passwords.
Multi-Factor Authentication (MFA): Integrating MFA wherever feasible. By adding an extra layer of authentication beyond passwords, MFA significantly enhances security.
Security Headers: These headers offer additional protection against common web vulnerabilities, safeguarding sensitive data.
Backup and Recovery Plan: Encryption and automation of data backup and recovery
Secure Wireless Connection: For businesses utilizing Wi-Fi, review, and configuration of network to adhere to the latest encryption standards. Regular reviews of connected devices ensure ongoing security.
Patch Management: Ensuring that software and operating systems are up to date and configured to the latest security standards, including the application of security patches to address known vulnerabilities.
Endpoint Security: Installing and maintaining antivirus software across all devices, while scheduling regular malware scans to protect against threats.
Access Control: Limiting access to sensitive data through file management policies, granting permissions only as necessary for each client/employee's role within the project.
Incident Response Plan: Development of an incident response plan. Clear steps are outlined to handle security breaches or data compromises effectively.
CBDC Madawaska (506) 737-8925