The study led to the European Eureka initiative for a field bus standard in June 1986 that included 13 partners.
The name of the FIP field bus was originally given as an abbreviation of the French "Flux d'Information vers le Processus" while later referring to FIP with the English name "Factory Instrumentation Protocol" (some references also use the hybrid "Flux Information Protocol").
Based on the requirements study other manufacturers created similar protocol definitions - starting in 1990 a number of partners from Japan and America merged with FIP to the WorldFIP standardization group (that later merged into the Fieldbus Foundation group).
Eventually FIP has lost ground to Profibus which came to prevail the market in Europe in the following decade - the WorldFIP homepage has seen no press release since 2002 (with the US based Fieldbus Foundation to haven taken the lead in ongoing development which however promotes H1 fieldbus for process automation).
However a specific subset of WorldFIP - known the FIPIO protocol - can be found widely in machine components.