In 2013, three main Asian film festivals – Busan, Hong Kong and Tokyo – joined together to create the non-profit organization, the Asian Film Awards Academy (AFAA) to promote and develop Asian cinema and its talents. AFAA highlights, strengthens and develops Asian film industry and culture through the annual Asian Film Awards, and with financial support from Create Hong Kong and Film Development Fund of the Hong Kong SAR Government, several year-round initiatives for building regional and international audiences such as the Masterclass Series, Journey to the Fest, Asian Cinerama, Young Film Professionals Program and Film Craft Workshop.