The document summarizes the third meeting of the VALS project, which took place in Udine, Italy on February 23-24, 2015. The meeting addressed administrative and financial issues, reviewed progress on the first year's activities and initial results of the second round of the Semester of Code virtual placements. Key objectives of the meeting were to discuss work package deliverables, identify reporting responsibilities, and address challenges in increasing student and university engagement in the project. Overall conclusions focused on making the virtual placement process more flexible to increase participation.