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The advent of a new generation of wireless cellular communication networks (5G) is currently being discussed both in research and standardization, while 4G is continuously evolving. Within the overall 5GPPP framework, FANTASTIC-5G is the project dealing with the design of the multi-service air interface for below 6 GHz. Ultimate target of the project is to allow the system to adapt to any means arising from diverse service requirements and device capabilities, various deployment and environment settings and mobility levels. Additionally, the ambition of the project is to have an impact to standardization. Therefore, we focus on technologies being relevant for standardization instead of proprietary elements. This paper provides some insights on the project itself and on the concepts being worked on. ; Grant number : This work has been performed in the framework of the Horizon 2020 project FANTASTIC-5G (ICT-671660) receiving funds from the European Union.© 2016 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.