About this programme
The Proof of Concept program helps innovators test whether an idea is technically and economically feasible before they try to commercialize it. It provides up to $25,000 to fund the research needed to demonstrate that feasibility.
It is run by the South Dakota Governor's Office of Economic Development (GOED) and is open to entrepreneurs, universities, existing South Dakota companies, and other entities committed to commercializing the results of the work in South Dakota.
How it works
Awards go up to $25,000, and applicants must provide a matching cash or in-kind contribution of at least 10% of project costs.
Funds can cover consultant contracts, materials and supplies, salaries for employees based in South Dakota, and other services needed for a technical feasibility or marketing study. Funds cannot be used for principal researcher salaries, legal fees for incorporation, sales expenses, or general operating costs.
Depending on how the project turns out, the investment may be forgiven, or repayment or investment terms will be put in place instead.
Who can apply
Entrepreneurs, universities, existing South Dakota companies, or other entities committed to commercializing the results of the project in South Dakota.
Applicants must provide a matching cash or in-kind contribution of at least 10% of project costs.
How to apply
- Submit a completed application to GOED.
- GOED staff screens the application for eligibility and forwards it within 10 days.
- The Research Affairs Council (representing the state's six universities) conducts a technical review.
- A private equity and incubator advisory group conducts a business review.
- GOED makes the final approval decision.
- Approved applicants receive a contract for the project.
- A final report is submitted once the project is complete.
Documents you’ll typically need
- Proof of Concept (POC) application
- Program guidelines
- SBIR Phase-0 application (where relevant)
- SBIR supplement application (where relevant)
Frequently asked
How much can I get from the Proof of Concept program?
Up to $25,000 to research the technical and economic feasibility of an innovation.
Do I need to match the funding?
Yes. You must provide a cash or in-kind contribution of at least 10% of project costs.
Will I have to repay the money?
It depends on the outcome: the investment may be forgiven, or repayment or investment terms will be instituted instead.
Is there a deadline to apply?
No. Applications are accepted year-round, and GOED screens and forwards applications within 10 days.
Who reviews my application?
GOED staff screens it first, then the Research Affairs Council (the state's six universities) reviews the technical side, and a private equity/incubator advisory group reviews the business side before GOED makes a final decision.
More funding in South Dakota
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South Dakota Works
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Value Added Sub Fund (VASF)
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All 5 programmes in South Dakota →
Reviewed 2026-09-25. Programmes change, so check eligibility, amounts and deadlines on the official page before you apply. CapEasy is a private firm and is not part of any government body.