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02/11/22 04:36 AM IST

1st ASEAN-India Start-up Festival 2022

In News 
  • The 1st ASEAN-India Start-up Festival (AISF) was inaugurated by Dr. Srivari Chandrashekhar, Secretary, Department of Science and Technology recently in Indonesia.
About Start-up festival 
  • 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 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.
ASEAN 
  • The Association of Southeast Asian Nations is a regional organization which was established to promote political and social stability amid rising tensions among the Asia-Pacific’s post-colonial states.
  • The motto of ASEAN is “One Vision, One Identity, One Community”.
  • 8th August is observed as ASEAN Day.
  • ASEAN Secretariat – Indonesia, Jakarta.
Source- Business Standard 

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