mHUB to Transform Illinois’ Advanced Manufacturing Competitiveness with Expansion into New $50M Innovation and Commercialization Center
Today, manufacturing and hardtech innovation center, mHUB, announces the $50M acquisition and build-out of a historic manufacturing facility within Chicago’s Kinzie Industrial Corridor on the city’s Near West Side. The building is located within a designated Opportunity Zone and planned manufacturing district on a 2-acre site that will increase mHUB’s prototyping and testing facilities and office and convening spaces to become the largest independent manufacturing innovation center in the country.
Launched in 2017, mHUB has supported over 500+ startups and 200 manufacturers from all over the world that have created 5,000+ jobs and generated over $2.6B of economic activity. Collaboration between startups, industry, and investors has accelerated the commercialization of early-stage physical products in areas such as advanced and sustainable manufacturing, climate and energy tech, medical devices, and more. The organization has strong ties to the Midwest regions’ universities and research institutions as well as an established network of contract manufacturers.