The FINUDA detector has been installed at the (e⁺, e^-) collider DA\Phi NE at Laboratori Nazionali di Frascati (Italy). The commissioning of the detector was started and will be immediately followed by a data taking run with targets of ⁶Li, ⁷Li, ¹²C, ²⁷Al and ⁵¹V. Hypernuclei of the same A as the target nuclei will be copiously produced by means of the strangeness exchange reaction by stopped K^-. The aim of the experiment is to measure simultaneously excitation energy spectra with a resolution better than 1 MeV, lifetime of the \Lambda in the different Hypernuclei, partial decay widths \Gamma _\pi , \Gamma _np and \Gamma _nn for mesonic and non-mesonic decays, in coincidence. Further information could be gained on neutron-rich Hypernuclei and rare two-body decays. Ideas for the continuation of the program, as well as possible extension to an improved machine (DA\Phi NE2) will be finally discussed.

PACS numbers: 21.80.+a