Hong Kong Business News

The Government launched the Artificial Intelligence Subsidy Scheme and began accepting applications today.

Eligible organisations are welcome to submit applications to Cyberport. A hybrid information session will be held on October 10.

To promote the development of an artificial intelligence (AI) ecosystem in Hong Kong, the 2024-25 Budget announced an allocation of $3 billion for the launch of a three-year subsidy scheme, mainly to support local universities, research institutes and enterprises in leveraging the computing power of Cyberport’s AI Supercomputing Centre (AISC) to achieve scientific breakthroughs.

Under the scheme, eligible users may generally be subsidised up to 70% of the service list price of the AISC. The Committee of the AI Subsidy Scheme, appointed by the Government, will vet and approve subsidy applications.

The first-phase facility of the AISC is expected to commence operations within this year. The AISC’s computer power will progressively increase to reach a level of around 3,000 petaFLOPS.

For enquiries, please contact the Secretariat of the Subsidy Scheme by email.

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