SP-TBI with the CSR funding from SIDBI Venture Capital Limited has created an IoT lab that houses high end equipment required by early stage ventures in developing their products and services. Training and Support is also provided to entrepreneurs to use these equipment. The Internet of Things (IoT) is a network of physical things with embedded technology that allows them to communicate, sense, and interact with their internal states and the outside world. The opportunities for IoT in the future are endless. Increased network agility, integrated artificial intelligence (AI), and the ability to deploy and automate use cases at hyperscale will accelerate progress in the industrial internet. The opportunity is not only in enabling billions of devices at the same time, but also in accessing massive amounts of usable information to automate a wide range of business functions..