This paper provides an overview of the research activities within the frame of the European project FLEXIBILITY. The project aims at advancing the competitiveness of Europe in the area of multifunctional, ultra-lightweight, ultra-thin, bendable organic and large area electronics (OLAE). An overview of the technologies available to the consortium is provided, together with details of the performance achieved by the first prototypes. Particular focus is given to the circuit design in technologies compatible with the flexible components and systems. Using a 50 MHz IGZO TFT technology, several circuits have been demonstrated, including a 20 MHz AM demodulator.