On May 16, 2011. the European Commission and the Hungarian Innovation Office are jointly organizing a high level Internet of Things conference in Budapest, as part of the program of the Hungarian EU Presidency. The conference is joining a series of other events of the Future Internet Week between 16-20 May, 2011. The results of IoT research have important contribution to the economy and promotes the development of such diverse areas as smart cities, green IT, intelligent transport, health care, supply chain management, factory automation and many other industries and sectors. The conference will cover topics which presently are high on the agenda of policy makers, technology providers and potential users. The program (see details on this website) will include presentations about the aims and objectives of the EU in respect of the technology, the new research roadmap, privacy and data protection issues, as well as panel discussions about the societal challenges of IoT, major application areas, and governance aspects. Representatives of the Commission and the Hungarian government, as well as renown speakers of industry and academia from around the World will introduce the newest results and challenges of the new technology.