Accelerator Program

EMPOWERING STARTUPS

HKAI LAB offers a 12-month Accelerator Program that takes your startup to the next level. We focus on commercializing AI inventions and technologies that are developed at the lab. We run two accelerator cohorts every year.

WHAT WE OFFER

FINANCIAL INVESTMENT

Seed funding of US$100,000 from Alibaba Hong Kong Entrepreneurs Fund in form of convertible note, in exchange for at most 6% equity

ACCESS TO PROPRIETARY AI TECHNOLOGIES

Powerful GPU-equipped high-performance computer resources

PAI, a machine-learning platform powered by Alibaba Cloud

Parrot, a deep-learning platform powered by SenseTime

STRONG ADVISORY, NETWORK & OPPORTUNITIES

Knowledge sharing by a wide spectrum of advisors including AI scientists, eminent professors and technical experts

Exposure to venture capitalists and potential strategic partners through various events

Opportunities to work with Alibaba Group and SenseTime on different business ventures ADVISORS

DEDICATED SUPPORT & RESOURCES

USD10,000 worth of credits for Alibaba Cloud services

Technical consultation and support from Alibaba Cloud, SenseTime and Alibaba DAMO Academy teams

Technical and management assistance, promotion and development assistance, and business support from HKSTP through their incubation programs

OFFICE SPACE

Supported by HKSTP, we will provide you with a rent-subsidized office space at the Hong Kong Science Park for the duration of the Accelerator Program (Core activities should be R&D related, not sales and marketing. Retail activities or mass production is not permitted)

WHO IS ELIGIBLE

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Applicant (an individual or a company) must have a Hong Kong registered company established for no more than 3 years if your application is selected

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Majority of the founding team members must either be Hong Kong permanent residents, or the company’s meaningful operations are carried out in Hong Kong

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The founding team members must hold 51% or more of the shares of the company

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The company must have at least 2 full-time staff and at least 50% of your team or company should engage in the field of AI-related work

HOW WE SELECT

Our selection panel screens applications for Accelerator Program of HKAI LAB based on the following criteria

Depth of research and development

Innovation quotient

Viability of your business plan

Competence of the founding team

Quality milestones set for 1 year

TIPS

APPLICATION PROCEDURE

Step 1

1. ONLINE APPLICATION

Submit the online application form with the required supporting documents including, but not limited to:

  • A business plan
  • CVs of the founders
  • The certificate of incorporation of the company (if available).

Step 2

2. ASSESSMENT BY SELECTION PANEL

Paper assessment by Selection Panel based on the application materials received.

Step 3

3. INTERVIEW BY SELECTION PANEL

Shortlisted applicants will undergo an interview process with the Selection Panel.

Step 4

4. DUE DILIGENCE

Selected applicants are required to undergo a due diligence process. Applicants will only be admitted to the HKAI LAB Accelerator Program if the result of due diligence is satisfactory within a specific timeframe.

Your application may be accepted even if your business legal entity has not yet been registered. However, if you are selected to the Accelerator Program, you must complete the business registration before entering the due diligence process.

Deadline of Application

31.03.2021