The document outlines the development process of IoT products at Smart Nuts and Bolts, an IoT startup. It discusses developing four products: 1) remote controlling and monitoring of home appliances using a smart plug, 2) an LPG gas detector to detect gas leaks, 3) automatic plant watering, and 4) a smart ID card with GPS tracking. The development cycle involves selecting hardware like sensors and microcontrollers, writing software code, integrating with the cloud platform ThingSpeak, creating an Android app, testing, deployment, packaging, and marketing. Skills needed include interests in IoT, microcontrollers, coding, and working with sensors and actuators. A smart IoT laboratory is proposed to provide skills and develop products