PA-JOU-2017-011

The Facility for Antiproton and Ion Research (FAIR) in Darmstadt, Germany, provides unique possibilities for a new generation of nuclear-, hadron- and atomic physics experiments. The future PANDA experiment at FAIR will offer a broad physics programme with emphasis on different aspects of hadron physics. Understanding the strong interaction in the perturbative regime remains one of the greatest challenges in contemporary physics and hadrons provide several important keys. However, financial and technical constraints enforce a staged approach to the detector setup. In this document, we will present the setup available at the time of the first anti-proton beam from the HESR, \textit{i.e.} the \textit{Phase One} setup and outline the physics programme.