Proof of Concept Grant

Administered by South Dakota Governor's Office of Economic Development · South Dakota

BENEFIT

Up to $25K

Deadline type: rolling

Eligibility Requirements

1To prove feasibility of an innovation before bringing to market
2Entrepreneurs, SD companies, and universities eligible
3Must match at least 10% of costs
4Business must commit to commercializing venture in South Dakota

Eligible Project Types

Small Business

STACKING POTENTIAL

Proof of Concept Grant is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN

View the Proof of Concept Grant compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: South Dakota Governor's Office of Economic Development official program page ↗ · Last verified 2026-06-23

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STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

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