diff --git a/apps/shark_studio/api/utils.py b/apps/shark_studio/api/utils.py
index 7241bf3691..f213320045 100644
--- a/apps/shark_studio/api/utils.py
+++ b/apps/shark_studio/api/utils.py
@@ -12,7 +12,11 @@
 from cpuinfo import get_cpu_info
 
 # TODO: migrate these utils to studio
-
+from shark.iree_utils.vulkan_utils import (
+    set_iree_vulkan_runtime_flags,
+    get_vulkan_target_triple,
+    get_iree_vulkan_runtime_flags,
+)
 
 def get_available_devices():
     def get_devices_by_name(driver_name):
@@ -44,6 +48,8 @@ def get_devices_by_name(driver_name):
                         device_list.append(f"{device_name} => {driver_name}://{i}")
         return device_list
 
+    set_iree_runtime_flags()
+    
     available_devices = []
     from shark.iree_utils.vulkan_utils import (
         get_all_vulkan_devices,
@@ -72,6 +78,53 @@ def get_devices_by_name(driver_name):
     available_devices.extend(cpu_device)
     return available_devices
 
+def set_init_device_flags():
+    if "vulkan" in cmd_opts.device:
+        # set runtime flags for vulkan.
+        set_iree_runtime_flags()
+
+        # set triple flag to avoid multiple calls to get_vulkan_triple_flag
+        device_name, cmd_opts.device = map_device_to_name_path(cmd_opts.device)
+        if not cmd_opts.iree_vulkan_target_triple:
+            triple = get_vulkan_target_triple(device_name)
+            if triple is not None:
+                cmd_opts.iree_vulkan_target_triple = triple
+        print(
+            f"Found device {device_name}. Using target triple "
+            f"{cmd_opts.iree_vulkan_target_triple}."
+        )
+    elif "cuda" in cmd_opts.device:
+        cmd_opts.device = "cuda"
+    elif "metal" in cmd_opts.device:
+        device_name, cmd_opts.device = map_device_to_name_path(cmd_opts.device)
+        if not cmd_opts.iree_metal_target_platform:
+            from shark.iree_utils.metal_utils import get_metal_target_triple
+
+            triple = get_metal_target_triple(device_name)
+            if triple is not None:
+                cmd_opts.iree_metal_target_platform = triple.split("-")[-1]
+        print(
+            f"Found device {device_name}. Using target triple "
+            f"{cmd_opts.iree_metal_target_platform}."
+        )
+    elif "cpu" in cmd_opts.device:
+        cmd_opts.device = "cpu"
+
+
+def set_iree_runtime_flags():
+    # TODO: This function should be device-agnostic and piped properly
+    # to general runtime driver init.
+    vulkan_runtime_flags = get_iree_vulkan_runtime_flags()
+    if cmd_opts.enable_rgp:
+        vulkan_runtime_flags += [
+            f"--enable_rgp=true",
+            f"--vulkan_debug_utils=true",
+        ]
+    if cmd_opts.device_allocator_heap_key:
+        vulkan_runtime_flags += [
+            f"--device_allocator=caching:device_local={cmd_opts.device_allocator_heap_key}",
+        ]
+    set_iree_vulkan_runtime_flags(flags=vulkan_runtime_flags)
 
 def parse_device(device_str):
     from shark.iree_utils.compile_utils import clean_device_info, get_iree_target_triple, iree_target_map