Io T Startup

Business Idea: Start An Io T Startup in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$453K
Avg Startup Costs
$16.8K
Score
76
Market Size
Avg Revenue
Min Revenue
$500/month
Max Revenue
$2.3M/month
Avg Days To Build
365 days

An IoT startup focuses on devices connected to the internet that can be accessed remotely through the internet or a connected application.

Research what is essential to the end users to start and build a successful IoT. Leverage what is available to make the application easy to use. Then, create working prototypes, test, and build the application around the clear essential purpose.

Revenue & Profitability

How much do IoT startups make?

Startup Costs

How much does it cost to start an IoT startup?

  • It can cost as low as $50,000 to start an IoT startup.
  • It can cost as high as $1,000,000 to start an IoT startup.

Learn more about the costs of an IoT startup.

Examples Of Successful Io T Startups

Successful IoT startup businesses and case studies

Italian start-up, Scribit, raises over $2.3 million on Indiegogo for their write and erase robot that draws digital content on any wall, with orders mainly from art, tech, and business enthusiasts, as well as the education sector, and plans to expand worldwide after delivering to initial backers.

$2.3M Monthly Revenue
Read by 7,354 founders

Igloohome, the partner of Airbnb, creates smart locks and lockboxes that enable property owners to grant access to their properties remotely, via a mobile app in over 80 countries to great reviews.

$400K Monthly Revenue
Read by 7,260 founders

See full list of successful IoT startups.