To enable transitioning the Swedish economy into a bioeconomy, Swedish wood industry need to increase added value and introduce new products to market by introducing new technology and improving the product and production development processes. Research in automotive industry have shown the need for integrating product and production development when introducing new technology in existing production systems, and have indicated a possibility of using specifically designed student case projects in order to generate qualitative data. In this paper, one student case project on product and production development in the Swedish wood industry, involving IoT wood products, is presented and evaluated.