InnoITeam project was funded by the European Union’s Horizon 2020 research and innovation programme and is coordinated by Kaunas University of Technology. The first phase of this project will run from September 2017 to August 2018 and will consist in preparing a comprehensive business plan for the establishment of a new Lithuanian Centre of Excellence in IoT Science and Technology. This InnoITeam Centre of Excellence will be created by a consortium of five successful partners – three from Lithuania and two from Sweden: 1) Kauno Technologijos Universitetas (Coordinator); 2) Vilniaus Gedimino Technikos Universitetas; 3) Valstybes Imone Registru Centras; 4) Linkoping Universitet; and 5) RISE Interactive Institute AB. This will be added to World Wide Web Reference Subject Tracer™. This will be added to Business Intelligence Resources Subject Tracer™. This will be added to Entrepreneurial Resources Subject Tracer™. This will be added to the tools section of Research Resources Subject Tracer™.