The ontologies thus far developed in the industrial domain have been short-lived, fragmented and unattractive to potential users. In the domain of biomedical ontologies, in contrast, the Open Biomedical Ontologies (OBO) Foundry has led to the creation of ontologies which have been used as tools of information-driven biomedical research already for some two decades. This talk describes the Industrial Ontologies Foundry (IOF) initiative, which has been established to pursue in the industrial domain a goal analogous to that of OBO. It describes the origins of the IOF, offers some reasons why ontology projects in the industrial domain have largely failed, describes the modular hub and spokes structure strategy used by the OBO Foundry to avoid such failure, and shows how this strategy is being realized by the IOF.

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