In this paper we give an overview of the German project cluster FAST which targets a technical breakthrough by real-time with latencies below 1 ms to enable advanced applications in the area of connectivity, traffic, manufacturing and health. FAST is based on 25 technical projects conducted by over 80 partners in industry and research. The innovations are outlined and include high frequency communication aspects such as 20 Gb/s communications at 200 GHz, real-time OFDM MIMO imaging radar, real-time GPS navigation with <; 1 m accuracy, encryption using the unique air channel between nodes, time- and scenario-dependent latency measurements, the mobile edge cloud concept as well as synchronization via Ethernet with achieved measured accuracy of 1 ns. Moreover, this paper aims at stimulating potential cooperation between Latin America and Germany.