mHUB expands with a new $50M innovation and commercialization center

mHUB, a manufacturing and hardtech innovation center, expands this fall with a $50M acquisition and build-out of a historic 80,000-square-foot space manufacturing facility within Chicago’s Kinzie Industrial Corridor on the city’s Near West Side. 

Since 2017, mHUB has brought creative innovators together under one roof. Members can create physical technologies through offices, prototyping labs, testing facilities, industry partnerships, and a commitment to U.S. manufacturing. When the building opens in the fall of 2023, mHUB will become the country's largest independent manufacturing innovation center. 

To date, mHUB has supported over 500+ startups and 200 manufacturers worldwide that have created 5,000+ jobs, launched more than 1,502 products, and generated over $2.6B of economic activity. Collaboration between startups, industry, and investors has accelerated the commercialization of early-stage physical products in advanced and sustainable manufacturing, climate, energy tech, medical devices, and more.

According to a statement from Haven Allen, chief executive officer and co-founder of mHUB, “This historic investment will help drive Illinois and the nation's global leadership in hardtech, and particularly around the commercialization of clean and sustainable technologies. It will create an anchor institution in Chicago to execute on its commitments leading the nation's reemergence and manufacturing legacy. It’s made possible through broad collaboration of the private sector, strong leadership at the city and state, and ongoing engagement with the federal government.”

The new building will open in a designated Opportunity Zone, which will give greater access to underrepresented founders and an opportunity to create generational wealth. The location will expand equitable access to unparalleled resources and venture for the south and west side of Chicago.

To learn more about mHUB or schedule a tour, visit mhubchicago.com