Our goal is to study the processes that lead to the formation of low mass stars, brown dwarfs and planets and to characterize the physical properties of these objects in various evolutionary stages. Low mass stars and brown dwarfs are likely the most numerous type of objects in our Galaxy but due to their low intrinsic luminosity they are not so well known. We aim to study the frequency, multiplicity and spatial distribution of these objects in the solar neighbourhood and in nearby star forming regions and stellar clusters in order to better understand the mechanism of formation, characterise their optical and infrared properties and establish the relation between spectral properties, mass and luminosity.. Most of our effort will be dedicated to push toward lower mass limits the detection of these astros either bounded to stars and brown dwarfs and/or free-floating in interstellar space. The lowest mass objects display a lower intrinsic luminosity and cooler effective temperatures thus they are remarkably difficult to detect using direct imaging techniques. However, these techniques allow a full photometric and spectroscopic characterization and a best determination of their physical and chemical properties. We also aim to investigate the presence of planets around low mass stars using radial velocity measurements and techniques for high spatial resolution imaging. We will develop ultrastable spectrographs for large telescopes and systems for ultrafast imaging. With the spectrographs it would be possible to detect planets of similar mass to the Earth around G, K and M-type stars. The goal is to establish the frequency of these planets in stars of the solar neighbourhood and characterise the properties of the associated planetary systems.