mHUB Receives $1.3 Million EDA Grant to Scale Outsourced Innovation Practice for SMEs
CHICAGO (September 16, 2020) – Today mHUB, a leading independent hardtech innovation center, announced that The U.S. Economic Development Administration (EDA) has awarded mHUB with a $1.3M Build to Scale grant. Designed to support entrepreneurship and accelerate company growth in the U.S., EDA awarded 52 organizations from 36 states with Build to Scale grants, totaling $35M.
“mHUB’s continued growth and success is proof that Illinois remains a desirable destination for manufacturing and innovation,” said Illinois Department of Commerce and Economic Opportunity (DCEO) Director Erin B. Guthrie. “New federal dollars will allow mHUB to support more Illinois entrepreneurs in realizing their dreams while generating products that keep our state at the forefront for manufacturing and innovation. Congratulations to mHUB on this recognition and new investments that will support economic growth and jobs for our Illinois communities.”
As a leading independent hardtech and manufacturing innovation center, mHUB exists to convene the entrepreneurial ecosystem around physical product innovation to ensure that the manufacturing industry continues to accelerate, grow and thrive. The mHUB community includes over 270 active and alumni startups and small businesses supported by a deep talent pool of product designers and developers, entrepreneurs, engineers and manufacturers, corporate leaders, industry experts, mentors and investors. mHUB provides a hyper-resourced environment to entrepreneurs with the goal of commercializing new hardtech innovation that will lead to new businesses, intellectual property, investment, revenue and job creation. For more information go to www.mhubchicago.com.