MHUB Chicago (company)

mHUB is a business incubator for physical product development and manufacturing headquartered in Chicago.

Facility

mHUB's facility is in the former Motorola Mobility (a Lenovo company) prototyping and testing lab. Labs include: 3D Printer Lab, Cold Metals Lab, Electronics Lab, Finishing Lab, Hot Metals Lab, Laser Cutting Lab, Plastics Lab, Testing Lab, Textiles Lab, Water Work Lab, and Woodworking Lab.

Partners

mHUB's founding partner is Marmon, and its leading partners are: Arrow Electronics, Chamberlain Group, Chase, The U.S. Economic Development Administration, GE, Kirkland & Ellis, UL and World Business Chicago.

Founding

Catalyze, a coworking hub, World Business Chicago, and Mayor Rahm Emanuel kickstarted mHUB in early 2017. 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. Mayor Rahm Emanuel called the project "the final piece of the manufacturing puzzle".

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. 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.

Relocation

mHUB relocated to a historic manufacturing facility and federally designated Opportunity Zone in Chicago's Near West Side in the fall of 2023.

References