Opportunity Information: Apply for PD SEOUL FY26 03
The Prosperity Stack Fellowship (Funding Opportunity Number PD-SEOUL-FY26-03) is a U.S. Embassy Seoul Public Diplomacy Section grant opportunity to run an accelerator-style fellowship that connects early-stage Korean entrepreneurs with American expertise in artificial intelligence, startup building, and innovation. The overall intent is to promote U.S. leadership in AI and deepen U.S.-ROK cooperation by giving young Korean startup teams practical exposure to U.S. AI tools and platforms (referred to as the "American AI Stack"), American business management approaches, and professional networks that can help move ideas closer to viable products and companies. The program is designed to be highly visible and regionally distributed through the American Spaces network, with programming tied to American Corners in Seoul, Busan, Gwangju, and Pyeongtaek, and a culminating showcase event in Seoul.
The award is a single grant with total funding available up to $108,000 (subject to funding availability), under CFDA 19.441, categorized as FY26 Fulbright-Hays / American Spaces Support Funds. The application deadline is Monday, July 13, 2026 at 11:59 p.m. Korea time (GMT+9), and proposals must be submitted by email to SeoulPDGrants@state.gov. Individuals cannot apply; eligible applicants include nonprofit organizations (with or without 501(c)(3) status), private institutions of higher education, and other eligible entities, provided they can demonstrate strong program delivery capacity.
Programmatically, the fellowship is structured as a multi-phase pipeline that starts broad and becomes more selective. The implementer is expected to recruit and select up to 20 teams of Korean innovators ages 18 to 35, with teams capped at five members each, and with a deliberate focus on participants connected to the four American Corner regions. Those teams then go through a five-week intensive online workshop that blends instruction and mentorship on U.S. AI applications, American business and management practices, pitching, and product development, paired with regional in-person meetups hosted at American Corners to build community and maintain engagement outside Seoul. After this initial phase, teams participate in pitching sessions hosted at the four American Corner locations (aligned to each team’s nearest region), and up to 10 teams advance to the next stage.
The advanced stage includes a three-day, two-night AI Camp for the 10 finalist teams, featuring hands-on training delivered by American AI experts and centered on practical use of U.S. AI tools and workflows. From there, up to five top-performing teams can receive targeted project development support of up to $6,000 per team to help them build or improve a functioning AI-powered prototype. Allowable support is framed as practical build costs such as subscriptions to U.S.-based AI APIs or related U.S. technologies, data storage, and other necessary expenses directly tied to prototyping and product development. In addition to the financial support, those selected teams are expected to receive continued mentorship and support for up to six months, including engagement from accelerators and local AI industry leaders, with the purpose of pushing concepts toward market readiness and scalability.
The fellowship is also designed to produce clear public-facing outcomes. The program must culminate in a final Demo Day held at American Diplomacy House, where teams present results and the Embassy can highlight the role of American AI technology and U.S. business practices in enabling innovation. After Demo Day, the program should include follow-on debrief sessions at all four American Corner locations, featuring the five supported teams sharing their final products or proposals to extend the impact beyond the capital region. A robust media and outreach plan is required, using program milestones and participant outcomes to demonstrate the economic and innovation potential associated with U.S. AI platforms and to reinforce American Spaces as regional gateways for U.S.-ROK technology collaboration.
A strong monitoring and evaluation plan is a core requirement. Applicants are expected to define outputs and outcomes and propose performance indicators and targets, such as how many teams are recruited and trained, how many meetups occur, completion rates for the five-week training, how many teams advance to AI Camp, the quantity and quality of mentorship sessions, how many teams receive project development support, Demo Day attendance, media reach, and longer-term indicators like teams launching viable products. The solicitation also expects clear data collection methods (applications and attendance records, surveys, mentor feedback, pitch evaluation forms, progress reports, interviews, event documentation, and digital analytics) and an approach for assessing skill gains and behavioral changes, including improved understanding of U.S. AI applications, stronger business and pitching capability, increased network connections, and evidence that participants applied U.S. technical and business practices to their startup development.
From an applicant qualifications standpoint, competitive proposals need to show organizational capacity to run a fellowship or accelerator and credible technical understanding of AI and startup development, along with strong program management capabilities. The Embassy is signaling that it wants an implementer that already understands Korea’s startup and youth innovation ecosystem and can coordinate effectively with U.S. and Korean experts, mentors, institutions, industry partners, and public venues, while also delivering a coherent multi-site program across the American Corners network.Apply for PD SEOUL FY26 03
- The U.S. Mission to South Korea in the other sector is offering a public funding opportunity titled "Prosperity Stack Fellowship" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 19.441.
- This funding opportunity was created on 2026-06-10.
- Applicants must submit their applications by 2026-07-13. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $108,000.00 in funding.
- The number of recipients for this funding is limited to 1 candidate(s).
- Eligible applicants include: Nonprofits having a 501 (c) (3) status with the IRS, other than institutions of higher education, Nonprofits that do not have a 501 (c) (3) status with the IRS, other than institutions of higher education, Private institutions of higher education, Others.
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Prosperity Stack Fellowship (PD-SEOUL-FY26-03) - Frequently Asked Questions
What is the Prosperity Stack Fellowship?
The Prosperity Stack Fellowship is a U.S. Embassy Seoul Public Diplomacy Section grant opportunity to run an accelerator-style fellowship that connects early-stage Korean entrepreneurs with American expertise in artificial intelligence (AI), startup building, and innovation. The program is intended to give young Korean startup teams practical exposure to U.S. AI tools and platforms (the "American AI Stack"), U.S. business management approaches, and professional networks that help move ideas toward viable products and companies.
What is the funding opportunity number (FON) for this grant?
The Funding Opportunity Number is PD-SEOUL-FY26-03.
Who is offering this grant?
This opportunity is offered by the U.S. Embassy Seoul Public Diplomacy Section.
What is the main purpose of the fellowship?
The overall intent is to promote U.S. leadership in AI and deepen U.S.-ROK cooperation by providing hands-on exposure to U.S. AI technologies and American approaches to entrepreneurship, management, and innovation, supported by professional networks.
How much funding is available?
Up to $108,000 in total funding is available, subject to funding availability.
How many awards will be made?
The opportunity is described as a single grant award.
What is the CFDA number and funding category?
The CFDA number is 19.441. The funding is categorized as FY26 Fulbright-Hays / American Spaces Support Funds.
When is the application deadline?
The application deadline is Monday, July 13, 2026 at 11:59 p.m. Korea time (GMT+9).
How do proposals need to be submitted?
Proposals must be submitted by email to SeoulPDGrants@state.gov.
Can individuals apply for this grant?
No. Individuals cannot apply.
What types of organizations are eligible to apply?
Eligible applicants include nonprofit organizations (with or without 501(c)(3) status), private institutions of higher education, and other eligible entities, as long as they can demonstrate strong program delivery capacity.
What is the fellowship model the grantee is expected to implement?
The fellowship is structured as a multi-phase pipeline that begins broad and becomes more selective. It starts with recruiting and training up to 20 teams, then advances a smaller number of teams through pitching, an AI Camp, and finally targeted project development support for a top subset.
Who are the intended participants?
The program is designed for early-stage Korean innovators and entrepreneurs ages 18 to 35, organized into startup teams.
How many teams are expected to participate, and what is the team size limit?
The implementer is expected to recruit and select up to 20 teams. Teams are capped at five members each.
Is there a regional focus within Korea?
Yes. The fellowship is designed to be highly visible and regionally distributed through the American Spaces network, with programming tied to American Corners in Seoul, Busan, Gwangju, and Pyeongtaek. There is a deliberate focus on participants connected to those four regions.
What are American Spaces and American Corners in this program?
The program is tied to the American Spaces network and specifically to American Corners in Seoul, Busan, Gwangju, and Pyeongtaek. These sites are used for regional meetups, local pitching sessions, and post-program debrief sessions to extend impact beyond Seoul.
What happens during the first phase of the fellowship?
The initial phase includes a five-week intensive online workshop blending instruction and mentorship on U.S. AI applications, American business and management practices, pitching, and product development. This phase is paired with regional in-person meetups hosted at the American Corners to build community and maintain engagement outside Seoul.
Are there in-person components outside Seoul?
Yes. The program includes regional in-person meetups at American Corners and pitching sessions hosted at the four American Corner locations, aligned to each team’s nearest region.
How do teams advance after the initial training phase?
After the five-week training, teams participate in pitching sessions hosted at the four American Corner locations. Up to 10 teams advance to the next stage based on those pitching sessions.
What is included in the advanced stage for finalist teams?
The advanced stage includes a three-day, two-night AI Camp for the 10 finalist teams. The camp features hands-on training delivered by American AI experts and focuses on practical use of U.S. AI tools and workflows.
What is the "American AI Stack" referenced in the opportunity?
The opportunity uses the term "American AI Stack" to refer to U.S. AI tools and platforms that participants will be exposed to and expected to use in practical ways during training and product development.
Is additional financial support available for some teams?
Yes. Up to five top-performing teams can receive targeted project development support of up to $6,000 per team to help build or improve a functioning AI-powered prototype.
What kinds of expenses are considered allowable for the project development support?
Allowable support is framed as practical build costs directly tied to prototyping and product development, such as subscriptions to U.S.-based AI APIs or related U.S. technologies, data storage, and other necessary expenses connected to building or improving an AI-powered prototype.
How long does mentorship and support continue for the top teams?
In addition to the project development support, selected teams are expected to receive continued mentorship and support for up to six months, including engagement from accelerators and local AI industry leaders, to push concepts toward market readiness and scalability.
What is the required culminating event?
The program must culminate in a final Demo Day held at American Diplomacy House in Seoul, where teams present results and the Embassy can highlight the role of American AI technology and U.S. business practices in enabling innovation.
Are there required activities after Demo Day?
Yes. After Demo Day, the program should include follow-on debrief sessions at all four American Corner locations. These sessions should feature the five supported teams sharing their final products or proposals to extend impact beyond the capital region.
What visibility and outreach expectations are included?
A robust media and outreach plan is required. The plan should use program milestones and participant outcomes to demonstrate the economic and innovation potential associated with U.S. AI platforms and to reinforce American Spaces as regional gateways for U.S.-ROK technology collaboration.
What monitoring and evaluation (M&E) requirements does the opportunity describe?
A strong monitoring and evaluation plan is a core requirement. Applicants are expected to define outputs and outcomes and propose performance indicators and targets across recruitment, training, meetups, completion rates, advancement to AI Camp, mentorship quantity and quality, distribution of project development support, Demo Day attendance, media reach, and longer-term indicators such as teams launching viable products.
What data collection methods are expected for M&E?
The solicitation expects clear data collection methods, including applications and attendance records, surveys, mentor feedback, pitch evaluation forms, progress reports, interviews, event documentation, and digital analytics.
What types of skill and behavior changes should the program assess?
The M&E approach should assess skill gains and behavioral changes such as improved understanding of U.S. AI applications, stronger business and pitching capability, increased network connections, and evidence that participants applied U.S. technical and business practices to their startup development.
What organizational qualifications are important for competitive proposals?
Competitive proposals need to show organizational capacity to run a fellowship or accelerator, credible technical understanding of AI and startup development, and strong program management capabilities.
What ecosystem and partnership capabilities does the Embassy appear to be looking for?
The Embassy is signaling interest in an implementer that understands Korea’s startup and youth innovation ecosystem and can coordinate effectively with U.S. and Korean experts, mentors, institutions, industry partners, and public venues while delivering a coherent multi-site program across the American Corners network.
Where are the key program locations?
Programming is tied to American Corners in Seoul, Busan, Gwangju, and Pyeongtaek, with a culminating showcase (Demo Day) in Seoul at American Diplomacy House.
What are the core components applicants should plan to deliver?
Based on the opportunity description, core components include: recruitment and selection of up to 20 eligible teams; a five-week online workshop with mentorship; regional in-person meetups; pitching sessions at the four American Corners; selection of up to 10 finalists; a three-day/two-night AI Camp with American AI experts; selection of up to five teams for up to $6,000 each in project development support; up to six months of continued mentorship; a final Demo Day at American Diplomacy House; post-Demo Day debrief sessions at all four American Corners; and a robust media/outreach plan supported by a strong M&E framework.
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