• The 1st ASEAN-India Start-up Festival(AISF) was inaugurated by  Srivari Chandrashekhar, Secretary, Department of Science and Technology on 27th October 2022 in Bogor, Indonesia.
• The inaugural event was felicitated by  Satvinder Singh, Deputy Secretary General for ASEAN Economic Community, and Ambassador, Mr. Jayant Khobragde, Indian Mission to ASEAN (IMA). 

Key Points related to the 1st ASEAN-India Start-up Festival:

• Deputy Secretary General for ASEAN Economic Community, Satvinder Singh highlighted that ASEAN has a vibrant and promising start-up ecosystem.
• In 2021, 25 new unicorns in ASEAN were included with their combined valuation at USD 55.4 billion.
• The 1st ASEAN-India Start-up Festival will further strengthen the ASEAN-India cooperation to accelerate the start-up economy.
• The National COSTI Chairperson of Indonesia and the Chairman National Research and Innovation Agency, were also present at the inaugural ceremony.
• The festival is part of the overall ASEAN-India Science, Technology, and Innovation Corporation program between the ASEAN Committee on Science Technology, and Innovation (COSTI) and the Department of Science and Technology (GoI).
• It is supported under the ASEAN-India Science and Technology Development Fund (ADF) of Govt of India.
• The four-day event is being hosted in conjunction with the Indonesian Research and Innovation Expo (INA-RIE) from the 27th until the 30th of October 2022 at the Innovation Convention Centre, Cibinong Bogor, Indonesia.