The business engine for IoT pilots: Turning the Internet of things in Europe into an economically successful and socially accepted vibrant ecosystem. The vision is to build a broad and vibrant ecosystem around the pilot projects that increase the collaboration between them, generates economic impact through new innovative business models and creates trust in the internet of things by transparent information about social challenges such as privacy and security implications. The vision will be reached by focussing on following objectives: support the collaboration and knowledge exchange between pilots and other relevant EU-projects (e.g. FIWARE), build the bridge between pilots and relevant stakeholders (e.g. potential customers such as European small and medium sized enterprises (SMEs), entrepreneurs and developers, but also researchers and policy makers) and thus expand the ecosystem further, set the ground for upcoming business building activities by creating awareness and also by facilitating and fostering societal acceptance (e.g. by running a variety of innovation activities). Building on the above mentioned developments this initiative will set the ground for the development of concrete new customer-oriented businesses based on the emerging pilots. Those business models will be derived through a proven systematic user centric ideation and validation process increasing the market acceptance and success rate of these business models. The emerging new businesses shall have a substantial economic impact in Europe.