Start An Io T Startup

Startup Costs

Wondering how much it costs to start an IoT startup?

• The minimum startup costs for an IoT startup: $1,818
• The maximum startup costs for an IoT startup: $34,268
• The average startup costs for an IoT startup: $18,043

Here's a detailed list of an IoT startup startup costs:

Software Expenses

Your IoT startup needs software to run efficiently!

Why spend money on software? Because it can help you save time and automate certain parts of the business, so you can focus on the most important matters. Software and technology can help you grow your business, and save you from expensive personnel costs.

Office Space Expenses

It will be your call to determine if you need office space. It is not a requirement but may be necessary as your IoT startup grows.

Equipment & Supply Expenses

Starting an IoT startup may require purchasing some equipment, whether that's for producing the product or packaging the goods, or equipment needed in the back office.

App Creation Costs

Advertising & Marketing Costs

Website Costs

Every business should have a website, and it's worth spending a bit of money to set it up right.

Other Expenses

Training & Education Expenses