mHub MedTech Accelerator

In-person or virtual

Accepts up to 10 startups

$200,000 USD per startup

6.5% equity

6 months

Background
What we're looking for
What we can offer you
Who we are
Q&A

Join mHUB’s third MedTech Accelerator to develop cutting-edge medical devices with support from industry leaders, $200K investment, and access to state-of-the-art prototyping facilities.

Background

The mHUB MedTech Accelerator is designed for startups developing innovative medical devices, including smart diagnostics, non-invasive treatments, connected health platforms, and precision medicine tools. Our program provides comprehensive support in product design and development, business modeling, piloting, and commercialization. Participants benefit from a robust curriculum with over 100 hours of expert-led workshops, mentorship from industry leaders, and access to advanced prototyping labs and collaborative co-working spaces.

What we're looking for

Areas of interest

We're interested in startups focused on areas including:

Smart Diagnostics
Non-invasive Treatments
Connected Health Platforms
Precision Medicine Tools
Chronic Disease Management Tools
Remote or Continuous Monitoring
Personalized Medicine
Devices leveraging AI/ML for data collection
Wearables
Surgical Instruments
Drug Delivery
Robotics
Cardiology
Orthopedics
Neuro

Startup location

Accepting applications from startups based in all countries

Stage of funding

We're looking for startups at the following stages:

Pre-seed
Seed
Series A

Acceptable technology readiness levels (TRL)

We're looking for startups with solutions in the following TRL range:

Levels 1-9

What we can offer you

Benefits:

Investment

Startups receive a $200K initial investment through the mHUB Product Impact Fund, with opportunities for follow-on investments up to $1M. Additionally, the program’s industry partners will allocate up to $500K in strategic investment dollars for future equity.

Market Access

mHUB offers market access opportunities, enabling connections with investors and strategic industry partners like GE Healthcare, Endeavor Health, and Baxter Healthcare. Startups benefit from inclusion in mHUB's marketing content, reaching 50K+ and gaining direct access to industry partners for pilot opportunities, product design feedback, regulatory path support, and reimbursement guidance.

Facilities and Services

mHUB provides access to $6M in prototyping, manufacturing, and testing equipment, plus $30,000 in credits for fabrication, design, prototype, and product development. Startups also receive a Hardtech Development Services session ($12,500 value), access to mHUB's supplier network, startup profiles, videos, promotional materials, and a 2-year full-access membership at mHUB's 80,000 sq. ft. facility.

Tools and Technologies

State-of-the-art prototyping equipment, including 11 micro labs and testing facilities.

Expertise

mHUB offers mentorship from a diverse pool of over 50 industry experts and strategic partners, along with on-staff Experts in Residence (EIRs). The program includes a robust curriculum featuring 100+ hours of expert-led workshops and intensive development sessions. Complementary support from: Cooley Law Firm, Ontogen Medtech Consulting, EdgeOne Medical, and more.

Networking

Engagement with a vibrant community of innovators and professionals, participation in Demo Days, and investor events.

Who we are

mHUB is a premier innovation center dedicated to accelerating the development of hardtech and medtech startups. Since its inception mHUB has fostered a dynamic ecosystem where entrepreneurs can access essential resources, mentorship, and a collaborative community to bring their ideas to life. Our 80,000 square-foot facility in Chicago houses $6 million worth of state-of-the-art prototyping equipment, extensive manufacturing resources, and collaborative coworking spaces.

At mHUB, we support startups through every stage of development, offering programs that provide access to a robust network of industry experts, investors, and strategic partners. Our mission is to drive innovation and economic growth by transforming groundbreaking technologies into successful products. The MedTech Accelerator is a key part of this mission, providing targeted support to startups developing smart diagnostics, non-invasive treatments, connected health platforms, and precision medicine tools.

With a strong focus on fostering collaboration, mHUB brings together a diverse community of innovators, creating opportunities for networking, mentorship, and investment. Our comprehensive support system and strategic partnerships ensure that startups have the tools and resources they need to succeed.

Reviewers

Ahmad Hammad

Program Manager

Kim Blomquist

Senior Director of Marketing and Communications

Q&A with mHub

The Q&A is now closed.

Application Info

Applications closed

In-Person Locations

Chicago, Illinois, United States

Relevant Keywords

Artificial Intelligence

Bioinformatics

Cardiovascular

Molecular Medicine

Neuroscience

Pharmacology

Public Health

Drug Delivery