The “European Research Cluster on the Internet of Things-IERC" was established by the DG Information Society and Media, as part of Europe’s ambition to shape a future Internet of Things for its businesses and citizens. The new issue of the Cluster Newsletter is now available online.Peter Friess: "After two consecutive rounds of calls for proposals and additional projects and initiatives which joined the Cluster, our research portfolio confirms the right mix for covering such an extensive and complex subject like the Internet of Things. Beyond research the IERC has become very active in standardisation, international cooperation and political matters such as Security & Privacy, IOT Govern-ance and social implications. The recent first meeting of the IOT International Forum is a further excellent possibility for gathering all actors in the field. Establishing the idea of an IOT-Week we also strive for concentrating several top-ics and events in one point of time and place rather than scattered meetings. On my wish list for 2012: the real exploitation of the IOT innovation and business potential and the development of guiding ideas in all areas of Smart applications."