Students experiencing poor well-being in elementary school can suffer lifelong consequences, including low self-esteem or depression. Understanding how to increase student well-being through information-based approaches is therefore important. While previous research has explored well-being frameworks, this study uniquely investigates the intersection of elementary school well-being with Internet of Things (IoT) implementation potential. In this article, we present the first comprehensive requirements analysis gathered from both staff and students for improving well-being in an elementary school in rural Sweden, with the aim of implementing IoT solutions. We collected qualitative data through individual interviews and workshops with 25 staff members and a survey from 464 students.We analysed the data in an inductively and deductively way, using the Konu and Rimpel ä's well-being framework. Our novel findings reveal alignment between staff and student perspectives across the framework's categories: having, loving, being and health. One example is the importance of motivation in each learning situation and creating a foundation for good social relations among the students.The requirements related to the health category received the least attention, 1 Sample et al.reflecting less focus on individual student circumstances. This study contributes new knowledge by detailing well-being needs for elementary school and relating them to data-driven innovation, such as IoT, for gathering both objective and subjective information. We also acknowledge that this creates additional demands on current solutions and raises significant privacy concerns in school environments. Future research will incorporate expert IoT knowledge and develop prototype solutions based on these identified requirements