mHUB guides founders in launching hardtech solutions in climate, health, and manufacturing and growing U.S. based manufacturing businesses.
mHUB Impact Report
The 2023 mHUB Annual Report, "Building and Bridging," chronicles an incredible year marked by securing the organization's new headquarters and solidifying mHUB as a national economic development institution.
Solving pervasive challenges for people and planet
The mHUB innovation center focuses programs and resources around solving challenges in three key sectors: climate and energy; healthcare; and smart and sustainable manufacturing. By providing a hyper-resources environment, from prototyping labs to mentors to pilot opportunities, mHUB is able to lower the barrier hardtech founders face such as higher capital expenses, longer runways, and access to industry.
Outcomes of enabling U.S. hardtech innovation and commercialization
Creating jobs and growing economies
mHUB has supported over 500 manufacturing-based startups and 200 manufacturers in building and launching over 1,600 new hardtech solutions, generating 1.57B in revenue, and creating over 6,000 jobs created since the organization was founded in 2017.
Strengthening local talent pools
In its work supporting startups, mHUB has attracted industrial designers, material scientists, engineers, computer scientists, business administrators, and more who use the mHUB ecosystem to find contract and full-time work.
Advancing equitable access
mHUB is committed to serving all hardtech founders. Since 2023, mHUB has awarded over $440,000 in non-dilutive dollars and more than $155,000 in sponsored access and has seen the diversity of its community grow to 53% of startups having one or more underrepresented founder.
Bolstering local supply chains
As startups seek contract manufacturers, mHUB makes connections to local suppliers to support local manufacturing economies, build supply chain resilience, and ensure the growth of critical technologies happens in the U.S. mHUB members spend $11M annually with manufacturers in the Midwest.
Economic impact of the mHUB startup community
$1.89B
Capital Raised
1,610
Products Launched
533
Patents Awarded
$1.57B
Revenue Generated
6,400
Employees Hired
Connectivity for the innovation ecosystem
mHUB knows that tackling large, pervasive challenges takes a systems approach and requires collaboration across public and private sectors to enact real change. That's why the organization builds, leads, and participates in important collaborations that engage stakeholders across innovation ecosystem.
mHUB is a 501c3 based in Chicago advancing U.S. hardtech innovation and commercialization. Support from our philanthropic partners expand our programing, deepen our capacities, and provide the infrastructure required to grow our local, national, and global impact. Your support enables:
Advancement of hardtech solutions for our people and planet, including technical support, prototyping labs, and pilot projects
Collaboration across Chicago’s innovation and manufacturing ecosystem
Cohort-based programming including mPower, Fellowship Programs, and our Accelerator programs
Creation of career pathways and job opportunities for diverse talent and entrepreneurs
Contact mHUB to discuss ways your family, foundation, or organization might collaborate with mHUB to positively impact humanity.
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