mHUB Accelerator (Energy Tech / MedTech / Sustainable Manufacturing tracks)
Hardware & Manufacturing · Run by mHUB · Chicago, IL
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The facts
All fields verified Jul 22, 2026- Terms model
- Equity for cashInvests cash in your company and takes equity (an ownership stake) in return.
- Investment
- $200,000 initial investment for 6.5% equity (cash plus in-kind services; breakdown varies by mHUB page)
- Equity taken
- 6.5%
- Program length
- 26 weeks
- Format
- In person
- Location
- Chicago, IL
- Cohorts per year
- Not published
- Cohort size
- 8-10 companies
- Stage focus
- pre-seed and seed hardtech (concept to initial commercial pilot)
- Sub-vertical
- hardtech and advanced manufacturing
- Demographic focus
- Not published
- Backers
- mHUB Product Impact Fund, corporate partners
- Notable alumni
- Not published
Terms notes: Current mHUB pages market $200K for 6.5% equity. Energy Tech page breakdown: $100K cash, $30K cash reimbursement for product development, $70K in-kind services, attributed to mHUB Ventures. MedTech and main accelerator pages: $142,500 cash and $60,000 in-kind services. The startup FAQ still lists the older structure: $100K pre-money SAFE to the mHUB Product Impact Fund for 6.5%, minimum $100K per cohort in corporate partner convertible notes (80% discount rate, 4% APR, converts at Series A), $30K in hardtech development service credits, and a 24-month membership valued at $34K. FAQ lists 8 to 10 companies per cohort; the 2026 Energy Tech announcement says 6 to 10. Program is 6 months with 18 months of follow-on support.
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Terms in plain English
mHUB now markets a $200,000 initial investment in exchange for 6.5% equity, combining cash and in-kind services, for its 6-month accelerator tracks in Energy Tech, MedTech, and Sustainable Manufacturing. mHUB's own pages describe the breakdown differently: the Energy Tech page lists $100K cash, $30K cash reimbursement for product development, and $70K in-kind services from mHUB Ventures, while the MedTech and main accelerator pages list $142,500 cash and $60,000 in-kind services. The startup FAQ still describes the earlier structure of a $100K SAFE to the mHUB Product Impact Fund plus a minimum $100K per cohort in corporate partner convertible notes at an 80% discount rate and 4% APR converting at Series A, along with $30K in service credits and a 24-month membership valued at $34K. Participants get access to roughly $6M of prototyping equipment across 11 micro labs, plus 18 months of follow-on support after the 6-month program. Exact application dates for the MedTech and Sustainable Manufacturing tracks are not published.
Who this is actually for
Hardtech startups in energy, medical devices, or sustainable manufacturing that need serious prototyping infrastructure, corporate partner access, and a meaningful cash investment. Teams should be ready for a roughly 6-month in-person program in Chicago and comfortable giving up 6.5% equity.
Application windows
Energy Tech Accelerator (Compute-Energy Nexus cohort, launching October 2026): Opens May 19, 2026, closes Jul 13, 2026.
Verified date not recordedSource
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Sources
Everything above was checked against these, verified Jul 22, 2026.