FI-WARE provides an advanced OpenStack-based cloud platform and a library of generic enablers. FI-LAB acts as an open innovation ecosystem and "meeting point" where entrepreneurs, developers, customers, and data providers can connect. It offers the ability to test with real data and users, visibility, hosting, and connections to potential customers and funding opportunities. FI-WARE technology providers benefit by connecting to entrepreneurs and potentially sharing revenue. The presentation describes FI-WARE, FI-LAB, and how they enable IoT, context management, and smart city applications and solutions.