mHUB MedTech Ventures 2024
- Deadline
- Sep 13, 2024
- Applications
- Closed
- Location
- Chicago
- Duration
- -
Applications are closed
The application window closed Sep 13, 2024. This page stays here for the record.
About this program
- Program Type: In-person
- Location: Chicago, Illinois
- Investment: 200k
- Program duration: 6 Months
- Equity: 6.5%
- Stage: idea, prototype, users or paying users stage
- Industry of Focus: Healthcare, Medical Devices, Diagnostics, Medical Equipment, Medical Network
- Other Important Information:
A physical product / hard tech is required as part of your solution.
Cohorts are strongly encouraged to relocate to Chicago for the entirety of the program for maximum benefit / program requirements.
Get funding and prototyping resources from the nation’s leading hardtech innovation & product development center. mHUB’s unmatched resources help exceptional MedTech startups turn their product ideas into commercialized, scalable product businesses.
mHUB Ventures invests $200,000 initial investment, which includes $142,500 cash and $60,000 in-kind services for certain fees related to product development, resources, and programming during a six-month highly structured incubation (with two full years of support) in exchange for 6.5% equity in each startup.
Approximately 30% of the fund’s capital is reserved for follow-on investments in a select set of our portfolio.
Program questionnaire
What mHUB asks on its own application. Nothing is answered here, prepare these, then apply on their site.
- 1
Describe the challenge you are looking to solve in 150 words or less.
- 2
Please provide a brief product description. Describe the importance and impact of your solution.
- 3
Provide an image and/or a link to any multimedia that demonstrates your product.
- 4
Who are your competitors?
- 5
What makes your solution unique? What customer pain points will be solved? Why will you win this market vs the competition? (max 300 words)
- 6
What is your TAM/SAM/SOM? How would you quantify the impact of your solution? (For example, shortening procedure time by X%, reducing cost by Y%, improving patient engagement by Z%)
- 7
What is the development status (design/prototype/product)?
- 8
What testing have you done on the product? Please describe your findings. When will it be ready? (max 150 words)
- 9
What best describes your business (B2C, B2B, B2B2C, other/fill in)?
- 10
What is your business model? How will you make money? Do you need partners to make your solution work? (max 200 words)