In this paper, a speed control system for a three-phase induction motor was modelled and designed within LabVIEW software environment. After structuring the dynamical model of the motor, a current controller was developed to stabilize the system and avoid a wind-up situation. Then, a speed controller was designed, using PID and Field Weakening techniques, to generate the reference current values. The field-weakening algorithm is used to achieve stability at speeds that are higher than the nominal one. An estimator is used to calculate the flux angle and the electro-mechanical speed of the motor. As a result, the system achieved the desired speed with good transient and steady state responses. In addition, the system proved to be robust when the torque load is applied in all cases.