學院由三大亞洲國際電影節創辦，包括香港國際電影節、東京國際電影節及釜山國際電影節 。三大電影節的歷史性合作將增強亞洲電影大獎以至亞洲電影的影響力。 除了亞洲電影大獎外，學院還會舉辦其他活動，包括人才交流、宣傳活動、師友計劃以及拓展觀眾群的活動。學院的會員將來自亞洲各地，而亞洲電影大獎提名人和得獎人均自動成為學院成員。另外，學院亦會邀請業界成就超卓的人士加入。學院會員除了在亞洲電影大獎中擁有投票權，亦可參與學院的各項活動。亞洲電影大獎學院的成立，見證亞洲電影的實力正不斷提升，亞洲電影的國際影響力，也越來越深。亞洲電影大獎學院將繼續聯繫亞洲各地區的電影工業和電影人才，為亞洲電影出一分力。
Established in Hong Kong in late 2013, the Asian Film Awards Academy aims to promote and develop Asian cinema, its talents and audiences. In an unprecedented landmark collaboration, the three long-established and major international film festivals in Asia, that is Busan, Hong Kong and Tokyo have joined together as the founding members of the Asian Film Awards Academy. Together, they will provide an impact and influence that will promote Asian cinema through the annual flagship Asian Film Awards, and year-round initiatives such as professional exchanges, mentorship and development programmes for young filmmakers, and strategies for regional and international audience development.
Asian Film Awards Academy members will come from all over Asia. They will be drawn from all past nominees and winners at the Asian Film Awards. Additional members who are prominent in their field may also be inducted into the Asian Film Awards Academy. Members will be given voting rights for the Asian Film Awards and also participate in various Academy activities around the region. The Asian Film Awards Academy expresses the increasing global importance and creative strength of the cinemas of Asia and will help to unite the industries and talents of this fast-growing region.