Organization: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
- ↑ 1.0 1.1 "The Making of mHUB: A WBC Fellowship Story" (in en-US). World Business Chicago. 28 February 2017. http://www.worldbusinesschicago.com/making-mhub-wbc-fellowship-story/.
- ↑ Kamps, Haje Jan (8 May 2023). "mHub opens much bigger facility to kick Chicago startups into high gear". https://techcrunch.com/2023/05/08/mmmhub-ba-duba-dop-mmmhub/.
- ↑ "Manufacturing innovation center mHub buys historic building". 2023-04-27. https://www.chicagotribune.com/business/ct-biz-mhub-buys-factory-building-relocate-near-west-side-20230427-6s54nhic65ckfb2v5qrh46oub4-story.html.
- ↑ Martorina, Anthony (29 August 2023). "mHUB expands with a new $50M innovation and commercialization center" (in en). https://www.chicagostarmedia.com/business/mhub-expands-with-a-new-50m-innovation-and-commercialization-center/article_d7f5ff5a-46a1-11ee-9bbc-d793eca1068e.html.
- ↑ 5.0 5.1 Hustad, Karis (9 August 2016). "mHUB, a New Center for Manufacturing Innovation, to Open on Chicago's West Side". AmericanInno. https://www.americaninno.com/chicago/mhub-a-manufacturing-product-development-center-to-open-in-chicago/.
- ↑ Marotti, Ally (10 August 2016). "Chicago and Catalyze launch mHUB, a new home for upstart manufacturers". http://www.chicagotribune.com/bluesky/originals/ct-chicago-launches-mhub-manufacturing-incubator-bsi-20160810-story.html.
- ↑ Channick, Robert (27 April 2023). "Manufacturing innovation center mHub buys historic factory building on Near West Side with plans to relocate". https://www.chicagotribune.com/2023/04/27/manufacturing-innovation-center-mhub-buys-historic-factory-building-on-near-west-side-with-plans-to-relocate/.
- ↑ "Inside mHUB, Chicago's Newest Manufacturing Incubator - Illinois Science & Technology Coalition" (in en-US). Illinois Science & Technology Coalition. February 27, 2017. https://www.istcoalition.org/blog/inside-mhub-chicagos-newest-manufacturing-incubator/.
- ↑ Asplund, Jon. "With backing by Chicago health players, mHub launches third medtech accelerator" (in en). https://www.chicagobusiness.com/health-pulse/mhub-launches-medtech-accelerator/.
- ↑ Graham, Meg (2 March 2017). "Sparks fly as new manufacturing innovation space mHUB opens" (in en-US). The Chicago Tribune. http://www.chicagotribune.com/bluesky/originals/ct-mhub-manufacturing-emanuel-bsi-20170302-story.html.
- ↑ "40 Under 40 2018: Haven Allen and Bill Fienup - Crain's Chicago Business". https://www.chicagobusiness.com/html-page/825541.
- ↑ "Newsviews: Business incubator mHUB". American Broadcasting Company. 14 August 2016. http://abc7chicago.com/business/newsviews-business-incubator-mhub/1469364/.
- ↑ "Chicago's mHUB raises $5 million to build an inclusive 'hardtech' ecosystem" (in en-US). 2020-11-12. https://impactalpha.com/chicagos-mhub-raises-7-million-to-build-an-inclusive-hardtech-ecosystem/.
- ↑ "Sam Zell invests in manufacturing incubator's VC fund" (in en). 2020-08-27. https://www.chicagobusiness.com/john-pletz-technology/sam-zell-invests-manufacturing-incubators-vc-fund.
- ↑ Jim, Dallke (2019-07-24). "mHUB Is Raising a $15M Fund to Back Hardware Startups". https://www.bizjournals.com/chicago/inno/stories/fundings/2019/07/24/mhub-is-raising-a-15m-fund-to-back-hardware.html.
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