Grantmaking public charityEIN 463388438

MHUB

CHICAGO, IL 60612

Total Assets

$49.5M

FY 2024

Annual Giving

FY 2024

Grants Made

0

FY 2024

Avg Grant

FY 2024

Grant Range

Typical

Deadlines

Applications

Programs & Activities

Program 1

$2.3M

Innovation center: a shared workspace community, within mhub, of product designers, developers, entreneurs, engineers and manufacturers who create breakthrough products in robotics, connected devices, sensors, energy tech, unmanned vehicles and other cutting-edge innovations by providing the right resources, mentorship, and access to manufacturing industry insiders. Mhub helps early-stage innoations go from prototype to product to sustainable business, driving a greater likelihood of success. Mhub's state-of-the-art 63,000 square foot facility features 10 unique fabrication centers to make the product development cycle as efficient/seamless as possible. Mhub provides resources for product design and rapid prototyping including a 3d printing lab, electronics labs, metal shop and more.

Program 2

$1.2M

Mhub accelerator: mhub's accelerator program is a six-month program that pairs 8 - 10 demand-driven physical product startups from across the country with corporate leaders and investors for an intensive accelerator program including product development and prototyping, mentorship, business curriculum, and piloting. The startups will focus on technology challenge areas defined by mhub partners in each of the sector-specific programs. To help bridge the gap to market, participating partner engineers and business development leaders will provide guidance to the startups, who will retain access to mhub resources, partners and mentors for up to two years.

Program 3

$674K

Catalyze initiative: mhub's catalyze initiative promotes wealth creation for a broader set of founders through a series of targeted programs and partnerships. By supporting entrepreneurs in the early stages of product development, catalyze sees the evolution of an idea from proof of concept to commercialization. Programs include granted partnerships with community-based business development organizations, the mpower pre-accelerator program for idea-stage startup founders, the landis family hardtech development fellowship for product engineers and founders, and grants for later stage r&d and product development.

Focus Areas

Community Improvement & Capacity Building

Financial Snapshot

2024 filing

Total Revenue

$9.6M

Total Expenses

$10.9M

Top Recipients

3 grants

Grant Size Distribution

3 grants

<$10K
1
grants
$10–50K
$50–250K
$250K–1M
2
grants
$1–5M
$5M+

Geographic Focus

1 states

Illinois
$987K
100% of total

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MHUB — Grants, Financials & Contact | Grantivo