EMPOWERING STARTUPS
WHAT WE OFFER
Seed funding of US$100,000 from Alibaba Hong Kong Entrepreneurs Fund in form of convertible note, in exchange for at most 6% equity
Powerful GPU-equipped high-performance computer resources
PAI, a machine-learning platform powered by Alibaba Cloud
Parrot, a deep-learning platform powered by SenseTime
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
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
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
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
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
The founding team members must hold 51% or more of the shares of the company
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
APPLICATION PROCEDURE
Step 1
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
Paper assessment by Selection Panel based on the application materials received.
Step 3
Shortlisted applicants will undergo an interview process with the Selection Panel.
Step 4
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.
Deadline of Application
31.7.2020