The FET Flagships are long-term initiatives that address interdisciplinary scientific and technological challenges on a large scale. They bring together excellent research teams across disciplines, sharing a unifying goal and an ambitious research roadmap. They aim to position Europe as a leader in different areas, establish it as hub for international cooperation, foster creativity, skills and talent, attract the best minds from around the world, and create the multidisciplinary research experts the continent needs. Through targeted, inspiring and inclusive initiatives, the FET Flagships are proposed as a new partnership model for long-term European collaborative research in the context of the European Research Area (ERA). With a total budget of around 1 trillion euros, FET Flagships will bring together a large number of research organizations, including academia, large industry and SMEs. In addition to the presentation of this new FET Flagship initiative, this year NanoMed Spain is organizing a parallel session in conjunction with the Plataforma Tecnologías Sanitarias which focuses on Industry 4.0 and advanced manufacturing in the health nanotechnology sector. The session will highlight complex tissue and materials engineering using 3D bioprinting, as well as the 3D prosthesis printing being carried out by local company Avinent.