mHUB
mHUB is an incubator for physical product development and manufacturing headquartered in Chicago.[1] It serves startups and manufacturing companies through its incubator, venture-backed accelerator, and research and development services.[2]
Facility
In 2023, mHUB opened an 80,000-square-foot innovation space set in the Kinzie Industrial Corridor, west of Chicago’s Fulton Market. The building is located in a federally designated Opportunity Zone.[3] The building includes offices, prototyping labs, and testing facilities.[4]
It relocated from a former Motorola Mobility (a Lenovo company) prototyping and testing lab[5][6] where it launched in 2017.[7]
Partners
mHUB collaborates with industry partners such as Marmon, Arrow Electronics, Chamberlain Group, Chase, The U.S. Economic Development Administration, GE, Grainger, Dell, Constellation, KPMG, Baxter, and Endeavor Health.[8][9]
Founding
Catalyze, a coworking hub, World Business Chicago, and Mayor Rahm Emanuel kickstarted mHUB in early 2017.[5] The non-profit 501(c)(3) organization opened on March 2, 2017, and was co-founded by Haven Allen, CEO, and Bill Fienup, Director of Innovation Services.[10][11] Mayor Rahm Emanuel called the project "the final piece of the manufacturing puzzle."[1][12]
mHUB Product Impact Fund I
mHUB's Product Impact Fund I is a $15M venture fund that will invest in 60 early-stage physical product and hardtech ventures with deployment from 2020 To 2023.[13] The Fund supports cohorts of the mHUB accelerator program and will make seed-stage investments of $75,000 cash and $56,750 in product development, resources and programming for 5% equity with pro rata rights.[14][15]
References
- 1 2 "The Making of mHUB: A WBC Fellowship Story". World Business Chicago. 28 February 2017. Retrieved 2017-09-26.
- ↑ Kamps, Haje Jan (8 May 2023). "mHub opens much bigger facility to kick Chicago startups into high gear". TechCrunch. Retrieved 15 April 2026.
- ↑ "Manufacturing innovation center mHub buys historic building". Chicago Tribune. 2023-04-27. Retrieved 2023-11-07.
- ↑ Martorina, Anthony (29 August 2023). "mHUB expands with a new $50M innovation and commercialization center". Chicago Star Media. Retrieved 15 April 2026.
- 1 2 Hustad, Karis (9 August 2016). "mHUB, a New Center for Manufacturing Innovation, to Open on Chicago's West Side". ChicagoInno. AmericanInno. Retrieved 2017-09-26.
- ↑ Marotti, Ally (10 August 2016). "Chicago and Catalyze launch mHUB, a new home for upstart manufacturers". The Chicago Tribune. Retrieved 10 November 2017.
- ↑ Channick, Robert (27 April 2023). "Manufacturing innovation center mHub buys historic factory building on Near West Side with plans to relocate". Chicago Tribune. Retrieved 15 April 2026.
- ↑ "Inside mHUB, Chicago's Newest Manufacturing Incubator - Illinois Science & Technology Coalition". Illinois Science & Technology Coalition. February 27, 2017. Retrieved 2017-09-26.
- ↑ Asplund, Jon. "With backing by Chicago health players, mHub launches third medtech accelerator". www.chicagobusiness.com. Retrieved 15 April 2026.
- ↑ Graham, Meg (2 March 2017). "Sparks fly as new manufacturing innovation space mHUB opens". The Chicago Tribune. Retrieved 2017-09-26.
- ↑ "40 Under 40 2018: Haven Allen and Bill Fienup - Crain's Chicago Business". www.chicagobusiness.com. Retrieved 2021-02-02.
- ↑ "Newsviews: Business incubator mHUB". ABC 7 Chicago. American Broadcasting Company. 14 August 2016. Retrieved 10 November 2017.
- ↑ "Chicago's mHUB raises $5 million to build an inclusive 'hardtech' ecosystem". Impact Alpha. 2020-11-12. Retrieved 2021-02-02.
- ↑ "Sam Zell invests in manufacturing incubator's VC fund". Crain's Chicago Business. 2020-08-27. Retrieved 2021-02-02.
- ↑ Jim, Dallke (2019-07-24). "mHUB Is Raising a $15M Fund to Back Hardware Startups". www.bizjournals.com. Retrieved 2021-02-02.