What is mHub?
mHUB is a Chicago-based innovation center dedicated to advancing physical product development and manufacturing. Its capabilities span a wide range of disciplines, including electronics, plastic fabrication, metals, and rapid prototyping. By providing essential resources and expertise, mHUB empowers entrepreneurs and businesses to bring their physical product ideas to market, fostering innovation within the manufacturing sector.
How much funding has mHub raised?
mHub has raised a total of $200K across 2 funding rounds:
Debt
$150K
Grant
$50K
Debt (2020): $150K with participation from PPP
Grant (2020): $50K led by U.S. Department of Energy (DOE)
Key Investors in mHub
U.S. Department of Energy (DOE)
The U.S. Department of Energy (DOE) is a federal agency focused on energy policy and national security, driving innovation in energy conservation and supporting fundamental research. Their involvement suggests a strategic alignment with advancements in manufacturing technologies and energy-efficient product development.
PPP
Public-Private Partnership
Undisclosed Investor
An undisclosed investor participated in this funding round, contributing to mHUB's capital for expansion and operational growth.
What's next for mHub?
With substantial expansion capital secured, mHUB is poised for significant growth and enhanced operational capacity. The company's focus on physical product development and manufacturing, coupled with its strategic location, positions it to capitalize on the reshoring and advanced manufacturing trends. Future initiatives will likely involve expanding its prototyping facilities, investing in new manufacturing technologies, and broadening its support network for innovators and startups in the physical product space. This late-stage funding suggests a trajectory towards scaling its impact and solidifying its role as a key player in the innovation ecosystem.
See full mHub company page
