Fractional-order systems have lately been attracting significant attention and gaining more acceptance as generalizations to classical integer-order systems. Mathematical basics of fractional-order calculus were laid nearly 300 years ago and since then have become established as deeply rooted mathematical concepts. Today, it is known that many real dynamic systems cannot be described by a system of simple differential equations of integer-order. In practice such systems are encountered in electronics, signal processing, thermodynamics, biology, medicine, control theory, etc. This Action will favour scientific advancement in the above mentioned areas by coordinating activities of academic research groups towards an efficient deployment of fractional theory to industry applications. The cooperation of researchers from different institutions will guarantee wide visibility of results from the Action.