mHUB Ventures
We invest in early-stage, physical product solutions that address the world's most pressing challenges in areas like climate, energy, sustainable manufacturing, and more. As the w…
mHUB Ventures at a glance
| Address | 1623 W. Fulton Street, Chicago, US |
|---|---|
| Programmes | 3 standing programmes |
| Official website | www.mhubchicago.com/hardtech-venture-capital |
Programmes they run
Standing programmes at mHUB Ventures, separate from the funding calls above.
mHUB Ventures Spark Fund
Grant schemeInvests in hardtech startups through its Spark Fund I and Spark Fund II.
What you get, who can apply and how to applyHide details
The firm has invested in 61 startups through its Spark Fund I and Spark Fund II. Every startup selected into the portfolio is plugged into a 6-month accelerator program that focuses on industry engagement, rapid prototyping, and pilot deployment, alongside manufacturability and supply chain management within the broader mHUB innovation center and community.
mHUB Product Impact Fund
Grant schemeA venture fund that invests in seed and early-stage physical product companies participating in mHUB’s accelerator programs.
What you get, who can apply and how to applyHide details
The mHUB Product Impact Fund is a venture fund that invests in seed and early-stage physical product companies from around the world who participate in mHUB’s 6-month long, hands-on accelerator programs. To date, mHUB has invested in 36 startups across sustainable manufacturing, climate and energytech and medtech.
Basic Financials for Business (BFFB)
ProgrammeA four-session program designed to help small business owners strengthen their financial knowledge.
What you get, who can apply and how to applyHide details
Through a practical curriculum, participants learn how to calculate labor costs, manage inventory and cost of goods, organize operational expenses, and understand Profit & Loss statements. The cohort format provides a collaborative learning environment where entrepreneurs gain practical financial tools to support long-term business growth.
Incubation tracks
The routes into mHUB Ventures, and what each one includes.
| Track | Type | Space | Includes |
|---|---|---|---|
| Accelerated Incubation (AI) ProgramThe program will fund 60 product-based businesses to participate, pairing six cohorts of 10 startups each with corporations to secure potential customers, investors, advocates, and mentors to launch and scale their cluster-based physical products within 12 months. Each startup will receive cash, product development resources, and the ability to earn convertible notes in exchange for equity with pro rata rights. While in the program, startups will receive a local investor mentor and have direct engagements with regional venture capitalists and angel funders to foster additional follow-on investment. | Pre-incubation | — | corporate partnerships, customer discovery, investor connections, mentorship, product development resources, local investor mentor, engagements with regional venture capitalists, angel funder engagements |
Labs & facilities
Equipment and space on campus.
prototyping labs
prototyping equipment
more than $6M
testing labs
prototyping labs
ten unique
micro-factory
for onsite low-volume production runs
Support services
Help offered alongside funding and space.
About mHUB Ventures
mHUB Ventures is an entity of the mHUB innovation center, dedicated to bridging the gap between early-stage innovation and market-ready technology for hardtech and manufacturing startups. The organization focuses on sectors at the intersection of deep tech, advanced manufacturing, and sustainability, including energy, med tech, and smart manufacturing. mHUB provides venture funding, hands-on accelerator programs, and access to prototyping labs and industry networks. It supports companies at the pre-seed stage, offering engineering resources, manufacturing and supply chain expertise, customer access, and commercialization support. The core offering includes a 6-month accelerator program designed to move technologies from prototype to commercial adoption. The mHUB community comprises over 500 active and alumni startups and small businesses.
Who they work with
Stage
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Frequently asked questions about mHUB Ventures
What does mHUB Ventures do?
mHUB Ventures is an entity of the mHUB innovation center, dedicated to bridging the gap between early-stage innovation and market-ready technology for hardtech and manufacturing startups.
Where is mHUB Ventures located?
mHUB Ventures is located at 1623 W. Fulton Street, Chicago, US.
What programs does mHUB Ventures run?
mHUB Ventures runs mHUB Ventures Spark Fund, mHUB Product Impact Fund and Basic Financials for Business (BFFB).
What stage of startup does mHUB Ventures support?
mHUB Ventures supports startups at the Ideation, Validation and Early Revenue stages.
What facilities does mHUB Ventures offer?
mHUB Ventures offers prototyping labs, prototyping equipment, testing labs, prototyping labs and micro-factory.
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