Appropriation Bill:

Financial Services and General Government

Project Name:

Dakota Rising Entrepreneurial Development

Amount:

$200,000

Applicant / Recipient Name:

SD Rural Enterprise, Inc.

Recipient Address:

629 S. Minnesota Ave. STE 201, Sioux Falls, SD 57104

Explanation of Request:

Dakota Rising Entrepreneurial Development partners with local communities to invigorate rural entrepreneurs and their enterprises, in order to raise rural standards of living through the private sector.  The requested funds would allow for continuation and expansion of the program.  Selected communities would be able to participate in a statewide learning community sharing best practices around entrepreneurship cultivation, and have access to more intentional, specialized resources to foster local entrepreneurship. Selected individuals, whose businesses are located within a selected community and are beyond a start-up phase of development, will receive access to a fellowship community of rural South Dakota entrepreneurs focused on growing their businesses, access to mentors, professional development, a peer advisory board, and other resources. 

Appropriation Bill:

Financial Services and General Government

Project Name:

Prosperity Through Innovation Initiative

Amount:

$500,000

Applicant / Recipient Name:

SDSU Office of Technology Transfer

Recipient Address:

Box 2201, SAD 130, Brookings, SD 57007-0291

Explanation of Request:

The Prosperity Through Innovation Initiative at South Dakota State University will stimulate the economy by developing standard operating procedures to foster collaborative research with private industry and other research institutions and to rapidly license research derived technologies for their commercial development; educate faculty, students, and entrepreneurs to enhance awareness of technology transfer and commercialization processes through public lectures, seminars and invited speakers, provide services to the SDSU Innovation Campus; and assist both entrepreneurs and all SD BOR system schools to work together to create new science and technology-based startup companies.

This project will effectively use taxpayer funds to drive science and technology-based economic development that will create new jobs, new technology based businesses, improved economic wellbeing and a more globally competitive economy.