1ST ASEAN-INDIA START-UP FESTIVAL 2022

  • Srivari Chandrasekhar, Secretary, Department of Science and Technology, inaugurated the 1st ASEAN-India Start-up Festival (AISF) on 27th October 2022 in Bogor, Indonesia
  • “As a developing nation, India is currently dedicated to harnessing path-breaking innovations for comprehensive socio-economic growth.
  • Deputy Secretary-General for ASEAN Economic Community, Satvinder Singh, highlighted that ASEAN has a vibrant and promising startup ecosystem.
  • Despite the pandemic, last year we welcomed 25 new unicorns in ASEAN, with their combined valuation at USD55.4 billion.
  • The successful hosting of the 1st ASEAN-India Startup Festival saw opportunities to further strengthen ASEAN-India cooperation to accelerate the startupeconomy..
  • The National COSTI Chairperson of Indonesia and the Chairman National Research and Innovation Agency (BRIN), Indonesia, were also present at the inauguration of the festival.
  • The four-day event is being hosted in conjunction with the Indonesia Research and Innovation Expo (INA-RIE) from the 27th until the 30th October 2022 at the Innovation Convention Centre, Cibinong Bogor, Indonesia.
  • The AISF is part of a series of events to commemorate the 30th Anniversary of the ASEAN-India diplomatic relationship.
  • Comprising of four main events —startup exhibitions; seminar and talk show; G2G meetings and B2B meetings, as well as startup pitch battle, it has brought together government officials, startups, research institutes, universities, inventors and innovators, and other financial institutes.
  • The festival provided a platform to further expand the national startup ecosystem to global networks, seeking cooperation for cumulative growth and creating of more opportunities.
  • The festival commemorates and strengthens cooperation and collaboration in science, technology, and innovation between the ASEAN countries and India.

SOURCE: THE HINDU, THE ECONOMIC TIMES, PIB

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