This site contains information that has been considered archived and will no longer be updated. Visit the CURRENT website.

Jump to main content.


Accelerated Impact Fund
Chicago, IL
Seed Fund Support
Federal Share: $300,000.00
Local Match: $377,153.00

mHUB will create the $15.0 million Accelerate Impact Fund (AIF) to spur new company growth in impact clusters operating within the Chicago region by engaging new investors, corporate partners, and promising startups. AIF will fund 60 innovation-based startups recruited to participate in the new Accelerated Incubation (AI) Program. The AI Program pairs startups with corporations to secure potential customers, investors, advocates, and mentors to launch and scale their cluster-based, physical products within 12 months. AIF will provide startups with $75,000 each in capital in exchange for 5% pro rata equity. While in the program, startups will receive a local investor mentor and have direct engagements with regional venture capitalists and angel funders to foster additional follow-on investment. Within three years, AI will launch 60 companies, raise capital from 75 investors, deploy $6.9 million in seed capital with an additional $5.0 million for exercising pro rata, and create 280 new jobs. The AI Program’s long- term goals include bringing promising startups to the region to enhance the overall economy and encouraging them to stay in and around the Chicago region.

Social Media

World Wide Web icon LinkedIn icon Twitter icon

Office of Innovation and Entrepreneurship (OIE)

Build To Scale (B2S)
formerly Regional Innovation Strategies Program (RIS)

SPRINT Challenge

STEM Talent Challenge

Accelerate R2 Network Challenge

National Advisory Council on Innovation & Entrepreneurship (NACIE)

Resource Directory Disaster Recovery Annual Reports Stay Connected
(Subscribe to EDA's monthly e-newsletter)

Facebook icon Twitter icon LinkedIn icon YouTube icon