The project focuses on the hardware-software co design of a LoRaWAN based industrial IoT gateway used for proprietary applications. Long Range Wide Area Network, abbreviated as LoRaWAN is a network and data layer running over the LoRa PHY layer which operates at 868 MHz[29]. The surge in LoRa has led big market players like SemTech to licence devices operating over a free network. Also gateway manufacturers have seized on the opportunity of this growing market and 2 industrial gateways, [15], [27] have captured most of the market. In order to break this monopoly, FactoryLab B.V, an Industrial IoT company from Zwijndrecht, The Netherlands has developed a low cost Linux based gateway which can be used for proprietary applications. The project aims at developing and comparing the gateway with industry standards. Although the hardware for the gateway couldn’t be tested in time for the finalization of this report, various tests are performed using an improvised hardware setup which emulates the FactoryLab hardware and the results approximated and compared to the industrial gateways. The Range to Cost ratio for the test setup was calculated to be 4.8 meters/euro and when pitched against the other gateways, showed a maximum increase of 26.6%.