The group’s mission is to foster and support the growth of Internet-connected devices for consumers and the founding members say the consortium will "act as an innovation forum for companies employing emergent technologies like Bluetooth Low Energy and Low Power Wi-Fi. Discussions will include best practices in manufacturing, retail strategies, APIs and software development such as better support for Bluetooth Low Energy on Android devices."

The consortium plans host regular meetings in San Francisco and at major trade shows and conferences in addition to CES - such as Mobile World Congress (next month) and Customer Electronic Design & Installation Association (CEDIA).

Charter members of the IoT Consortium include early stage as well as globally established companies including: Active Mind Technologies (Game), BASIS Science, Coin, Kease, Logitech, MOVL (KontrolTV), Ouya, Poly-Control, SmartThings, and Ube.