In this paper we discuss the rational of the Multi-model Information based Speech Processing (MISP) Challenge, and provide a detailed description of the data recorded, the two evaluation tasks and the corresponding baselines, followed by a summary of submitted systems and evaluation results. The MISP Challenge aims at tack-ling speech processing tasks in different scenarios by introducing information about an additional modality (e.g., video, or text), which will hopefully lead to better environmental and speaker robustness in realistic applications. In the first MISP challenge, two bench-mark datasets recorded in a real-home TV room with two reproducible open-source baseline systems have been released to promote research in audio-visual wake word spotting (AVWWS) and audio-visual speech recognition (AVSR). To our knowledge, MISP is the first open evaluation challenge to tackle real-world issues of AVWWS and AVSR in the home TV scenario.@en