The 1^st Workshop on “Event-based Vision in the Era of Generative AI - Transforming Perception and Visual Innovation”, held at WACV 2025, centers on the transformative impact of integrating event-based vision with generative AI. The workshop will explore how this synergy is reshaping visual perception, enabling advanced applications such as dynamic scene understanding, image and video generation, motion prediction, and conceptual reasoning for visual content. Additionally, topics such as multimodal fusion, gesture recognition, and applications in autonomous systems will be explored. By bringing together experts across event-based vision and AI, the workshop aims to highlight innovative approaches and inspire new research directions that push the boundaries of visual processing for enhanced perception. Our motivation is to initiate discussions in an emerging vertical that combines the strengths of event-based vision with the transformative capabilities of generative AI - a combination not fully explored previously.