The IoT is a highly promising economic sector for sustainability, growth, innovation and employment which will have also social impacts and affects public policy Internet Governance issues as managing critical resources (identifiers), privacy, security and competition law. It is closely linked to the development of new Internet applications, the mobile Internet and cloud computing. The workshop will discuss how the future development of IOT can become an engine for growth and development, in particular in developing countries where mobile communication has allowed leapfrogging in selected areas of the emerging Internet economy. At the same time, countries with developing economies face critical challenges that can be addressed using solutions based on M2M communications and smart technology solutions. Examples of such applications will be presented. The workshop will also discuss what kind of policies and what type of regulations are needed to promote the exploitation of the potential of innovative IOT applications by recognizing risks and threats, in particular for privacy and security. The epitome of the workshop is intended to enable the IGF IOT Dynamic Coalition to draft an “IOT agenda 2015” and a work plan for next steps and future activities.