A collaborative, large-scale integrated project funded by the NMP (Nanosciences and Nanotechnologies, Materials and New Production Technologies) Directorate in the 7th Framework Programme of the European Commission has been established. LIFT, or Leadership in Fiber Laser Technology, is a €16 million endeavor to expand the limits of advanced materials processing applications through a new generation of fiber-based lasers. It will develop innovative laser sources, enable a greater market share for existing applications and create new application areas for manufacturing. The project also will build a network of European components suppliers and laser systems manufacturers.