The document summarizes the launch of Phase 3 of the Future Internet Public-Private Partnership (FI-PPP) programme. Over €80 million in grants will be given to small- and medium-sized enterprises for application development through 16 new accelerator projects. The first open calls for applications from SMEs and web entrepreneurs will be launched starting in September 2014. The 1st European Conference on the Future Internet was also held in Brussels to promote the FI-PPP programme and discuss topics around future internet infrastructures and services.