In 1989 Janssen, Schaub and Schmittmann have shown that universality and scaling hold already in the early stage of the dynamical evolution of statistical systems, if the system, initially at a very high temperature, is suddenly quenched to the critical temperature and then released to the dynamic evolution according to model A. This allows for a measurement of all the static and dynamic critical exponents and even for the critical point already in the short-time regime, i.e., far from equilibrium. Since the correlation length is still small here, the simulations do not suffer from critical slowing down, a problem encountered in the usual measurements in equilibrium. The concept has been successfully applied to a variety of statistical systems. We will report about recent results for the fully frustrated XY model, where the short-time approach is particularly efficient, since the standard cluster algorithm does not apply because of the frustration.