PROOF OF CONCEPT

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, materials and supplies, salaries for employees in South Dakota, and necessary services for technical feasibility or marketing studies. 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.