FRIDA is a diffraction limited imager and integral field spectrometer that is being built for the Gran Telescopio Canarias. FRIDA has been designed and is being built as a collaborative project between institutions from Mexico, Spain and the USA. In imaging mode FRIDA will provide scales of 0.010, 0.020 and 0.040 arcsec/pixel and in IFS mode spectral resolutions R ~ 1000, 4,500 and 30,000. FRIDA is starting systems integration and is scheduled to complete fully integrated system tests at the laboratory by the end of 2015 and be delivered to GTC shortly after. In this contribution we present a summary of its design, fabrication, current status and potential scientific applications.