mHUB

mHUB stands as a prominent hardtech innovation and manufacturing entrepreneurial center based in Chicago, Illinois. It distinguishes itself by providing a comprehensive ecosystem for startups developing physical products, ranging from advanced materials to robotics and medical devices. Beyond offering extensive prototyping labs and a collaborative community, mHUB actively supports early-stage companies through its dedicated investment vehicles and accelerator programs. Their unique model bridges the gap between ideation, product development, and market entry for complex hardware ventures.

A core component of mHUB's investment strategy is its mHUB Accelerator Fund I, a $15 million venture fund launched to fuel the growth of promising hardtech startups. This fund primarily invests in companies participating in mHUB's intensive six-month accelerator programs. Through these programs, selected startups receive not only critical seed capital but also unparalleled access to state-of-the-art equipment, engineering expertise, and a network of corporate partners and mentors. The accelerator's focus is on de-risking product development and preparing companies for scalable manufacturing and subsequent fundraising rounds.

Typically, mHUB provides an initial investment ranging from $150,000 to $250,000 to companies accepted into its accelerator cohorts. This initial capital is crucial for early-stage hardtech companies that often require significant upfront investment in R&D and prototyping. As of early 2023, mHUB had invested in over 30 startups through its accelerator, demonstrating its commitment to fostering innovation in the hardtech sector. Their investment thesis centers on disruptive technologies that can transform industries such as industrial IoT, clean energy, and medical technology, aiming to create a robust pipeline of manufacturing innovation in the Midwest and beyond.