mHUB

mHUB is an independent innovation center based in Chicago, Illinois, focused on hardtech and manufacturing. Founded in 2013, it serves as a hub for the entrepreneurial ecosystem surrounding physical product innovation. mHUB supports over 270 startups and small businesses by providing access to a wide range of resources, including a co-working space, funding opportunities, and a network of experienced professionals such as engineers, designers, and industry experts. The center specializes in the development and manufacturing of various products, including robotics, connected devices, medical devices, and energy technologies. By fostering collaboration and offering essential tools, mHUB aims to accelerate the growth of the manufacturing industry, promote the commercialization of new innovations, and contribute to job creation and economic development.

Haven Allen

Managing Partner, Product Impact Fund

Past deals in Illinois

Walela

Seed Round in 2021
Walela is a company focused on advancing maternal and fetal health diagnostics through innovative sensor technology. Their specialized medical devices are designed to measure fetal heart rate and blood pH levels, providing critical information to expectant mothers and healthcare professionals. By offering enhanced diagnostic capabilities, Walela aims to improve fetal and maternal health outcomes while potentially reducing the incidence of unnecessary cesarean sections.

Ping Corporation

Pre Seed Round in 2021
Ping is a B2B, SaaS-based company that utilizes wearables and AI to improve caregiving for older adults. We focus on the safety, wellness, and social connection of our elders. By using wearables data collected from our elderly users, our Machine Learning algorithms capture and present critical and actionable data to their families and caregivers.

Walela

Pre Seed Round in 2021
Walela is a company focused on advancing maternal and fetal health diagnostics through innovative sensor technology. Their specialized medical devices are designed to measure fetal heart rate and blood pH levels, providing critical information to expectant mothers and healthcare professionals. By offering enhanced diagnostic capabilities, Walela aims to improve fetal and maternal health outcomes while potentially reducing the incidence of unnecessary cesarean sections.

Equibands

Pre Seed Round in 2021
Equibands is a medical technology company that designs and develops medical devices.

CareBand

Funding Round in 2021
CareBand focuses on enhancing the quality of life for individuals with dementia through a specialized wearable device that monitors activity and location. This innovative technology utilizes machine learning to help caregivers manage symptoms associated with dementia, such as wandering and agitation, through non-pharmacological interventions. The device is part of the LEAP Platform, which offers features like indoor and outdoor location tracking, customized alerts, and event monitoring. Additionally, CareBand is developing Insight AI, a system designed to recognize individual patterns related to bathroom use, fall risk, and other early indicators of changing health conditions. By providing caregivers with the tools to monitor their loved ones effectively, CareBand aims to promote safety, independence, and reduce unnecessary hospitalizations for individuals living with dementia.

Stroma

Pre Seed Round in 2021
Stroma is engaged in the development of advanced edge processing devices aimed at enhancing safety, quality, and efficiency in industrial workplaces. The company's platform utilizes computer vision technology to monitor driver behavior and assess worker fatigue, distraction, and ergonomic load in real-time. By transforming complex data streams into clear, actionable insights, Stroma facilitates continuous quality control and immediate feedback mechanisms. This innovative approach helps reduce accidents and improve overall operational safety in various industrial environments.
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