Program overview
Date: May 7, 2024 (Tue)
Time: 3:00pm – 4:30pm HKT
Venue: HKU IDS Seminar Room (P603), Graduate House, HKU (Registration required – https://forms.office.com/r/dTV6CRwzEC)
Remarks: The event will feature seasoned FinTech experts who will provide insights into the competition details. Gifts are prepared for interactive attendees!
About AFAC2024
Centered on the themes of large-language-model technology and entrepreneurial innovation, the AFAC2024 focus on real industry challenges and provides vast amounts of genuine industry data, and it also offers over 1.3 million (CNY) prize pool. The competition comprises three categories -Challenge Group, Start-up Group, and Enterprise Group – forming an integrated contests of algorithm, creative application and business practice. The three groups target individuals with technical backgrounds from academic institutions and corporations, startup teams, and SMEs, encouraging contestants to delve into continuous exploration and breakthroughs in AI algorithms, tackling complex technological challenges.
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Key Features of PAG
- Applications are invited all year round.
- Applies to patent applications anywhere in the world.
- Maximum funding support: HK$250,000 or 90% of the sum of the total direct costs of patent application
(including the cost for patent search-cum-technical assessment), whichever is the lower. - The grant is non-transferrable and valid for 3 years from the date of approval of the application.
- Applications will be processed through HKPC on a confidential basis.
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Eligibility
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Basic Eligibility
- Locally incorporated companies; or
- Hong Kong permanent residents; or
- Hong Kong residents permitted to remain in Hong Kong for not less than 7 years
AND
which/who have never owned any patents in any countries or territories nor received funding under the PAG before will be eligible.
Individual Applicant 
Company Applicant The applicant must be the sole inventor or one of the joint inventors of the invention. The inventor(s) of the invention shall be directly-related party/parties to the applicant company, e.g. owner, shareholder, director or staff. The PAG is for first-time patent seekers only, funding support will not be provided if funding has been granted under the PAG to the applicant company’s related company(ies). For example, company(ies) having a major shareholder (viz. those with 50% or more ownership) in common with the applicant company or company(ies) without major shareholder(s) but having shareholders identical to those of the applicant company) before.
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How to apply
Submit your application here: https://bee.hkpc.org/funding-schemes/pag/?tab=application
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PAG X TEC
HKU TEC is collaborating with the program to assist HKU members in benefiting from the scheme. On May 24, 2024, we invited PAG to our campus to conduct a seminar for more information. The topic is “Unlock the Power of Innovation: Maximize Value and Minimize Risk with Patent Protection”. Join us for an exclusive event where we’ll explore the crucial aspects of patent protection to help you unlock innovation and secure your intellectual property rights.
Seminar 1: Unlock the Power of Innovation: Maximize Value and Minimize Risk with Patent Protection
Date: 24 May 2024 (Friday)
Time: 4PM – 5PM
Location: LG1/F – KKLG103, K.K. Leung Building, Main Campus of The University of Hong Kong
Speaker: Miss YIP Wing Lam, Cody (葉頴霖小姐), Associate Principal Consultant (助理首席顧問)Register Now: https://forms.office.com/r/D5LViiiz8y