Ongoing program · Grant
South Dakota Proof of Concept Fund
South Dakota Governor's Office of Economic Development, State of South Dakota
Key facts
Copied word-for-word from the official South Dakota state agency page. Last verified October 28, 2026.
- Program name
- South Dakota Proof of Concept Fund
- Issuing agency
- South Dakota Governor's Office of Economic Development (State of South Dakota)
- Funding type
- Grant
- Funding purpose
- Science and Technology and other Research and Development, Business and Commerce
- Status
- Ongoing program
- Application deadline
- Ongoing program · no application deadline publishedAgency note: Applications can be submitted at any time.
- Published award
- Up to $25,000
- Eligible applicants (our reading of the official page)
- For profit organizations other than small businesses
- Small businesses
- Relevant to
- BusinessesHow we determined this: Derived from the eligibility statement on the official page (business, small business).
- Geographic restrictions
- This is a South Dakota state program. Check the official page for location requirements.
- Official source
- View the official program page ↗
- How to apply (from the official page)
- Submit completed program application to the GOED. The application packet is available online.
- Source
- sdgoed.com/program/proof-of-concept/
- Last verified
- October 28, 2026 (against the official South Dakota state agency page)
- Record confidence
- highCurated from the official agency page; reviewed by an editor.
Eligibility details (from the agency)
Eligible applicants for Proof of Concept investments include: entrepreneurs, universities, existing South Dakota companies, and other entities committed to commercializing the results in South Dakota.
Description (from the official program page)
The Proof of Concept program provides up to $25,000 to conduct research that demonstrates the technical and economic feasibility of an innovation before it is commercialized. The program is open to those committed to commercializing an innovation in South Dakota, such as entrepreneurs, universities, existing South Dakota companies and other entities. Investment proceeds may be used to pay consultant contracts, material and supplies, salaries for employees in South Dakota, and necessary services for technical feasibility or marketing studies.