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Big Data Summit 2020
November 12, 2020, Online, USA
Big Data Summit 2020
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Big Data Summit 2020
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MHUB ACCELERATION INCUBATION – INDUSTRIAL INTERNET OF THINGS (IIOT)
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About the talk

Topic: Big Data

mHUB's members create breakthrough products in robotics, connected devices, sensors, energy tech, medical devices, smart building / cities, unmanned vehicles, and other cutting- edge innovations. By providing the right resources, mentorship, and access to manufacturing industry insiders, mHUB helps early-stage innovators go from prototype to product to sustainable business, driving a greater likelihood of success.

Haven Allen, chief executive officer and co-founder of mHub, is an entrepreneur and technology strategist who most recently concentrated on growing the manufacturing industry and strengthening its community throughout Chicagoland.

About speaker

Haven Allen
Chief Executive Officer at mHUB

Haven Allen, chief executive officer and co-founder of mHUB, is an entrepreneur and technology strategist who most recently concentrated on growing the manufacturing industry and strengthening its community throughout Chicagoland. As an economic development strategist at World Business Chicago, he directed the Advisory Council for Chicagoland Manufacturing through which he established and led the implementation of an economic development agenda to support growth and job creation in the manufacturing sector. During his graduate education, Haven served as a Mayoral Fellow at the City of Chicago. As a fellow he provided research and analysis on policy initiatives dealing with infrastructure, electricity markets and municipal marketing. In order to give back to his country, Haven joined the Peace Corps and served as a community economic development volunteer in Panama where he worked to strengthen the management and leadership capacities of rural cooperatives and local organizations in order to increase economic opportunities. In addition, Haven was a small business owner in the production and publishing industry. In 2018, Haven was named to the Chicago Tribune Blue Sky Vault Blue Network of Chicago tech and innovation leaders and the 2018 Crain’s 40 under 40 class.

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Next, I'm going to transition to mhub in Chicago. I Haven, thanks for joining us, it's perhaps not that sunny and warm in Chicago, as your background would. But I'm Hub. It is hot in Chicago, it is one of the leading Innovation hubs and it is a location where there are startup companies and Industry colliding on specially, new areas of industrial, internet of things and new technologies, and even create a new ways to fight the pandemic Haven is the CEO of mhub. He's going to tell us a little bit more about what I'm hubs

all about and some of their new programs thing if they're developing to help entrepreneurs through an accelerator and new programs to advance their company. Thank you very much for the intro. Laura Besler said my name is Haven Allen. I'm CEO and co-founder I was three and a half year old organization that was launched by industry and in partnership with the university to create a play, Space asset to really lower cost and barriers of entry for heart Tech, physical product,

networks Technical and Professional Training, to access to Industry, and through this and are strong connection with Illinois. You know, we've supported over 350 startups in the last week, with some great teams that have sponge straight out of the research part, from cast 21 to psionic to Ocean car. Finally, with us for 18. Building Products. The market opportunity getting their pilots and getting their sheet last night but I'm traditionally been much higher. One of the ones that we've been really work.

Are the financial barriers? That's why I am hug. Went out and raised 15 million dollars. Fun to focus on really attacking that precede Gap, women's heart, heart Tech startups in a right now, there's a $15 that is getting it. A digital specific objectives that marriage of Hardware in that digital overlay to create new opportunities for capturing data forms, the product impact Capital into 60 startups, over the next three years and will do. So through, what would be a tradition?

Six-month internship program or teams will have access to $980,000 of cash investment as well as over $500,000. Direct support in designing, engineering their product and additional program to build their businesses will take the teams on a journey. Customer Discovery Market validation going through rapid prototyping and Witt Avenue in Baxter applications are open today for the first co-worker focus on the industrial Internet of Things. This is a 700 billion dollar, mark an opportunity through. Now, in 2025,

in April will be launching our second set of applications. And then later, next year, we're looking at energy Tech qualify, smart cities, smart, And we look forward to continuing to Foster our relationship with you or why we believe the teams that are coming out of the universities out of the research. Labs are the exact types of teams that were looking to throw all of our networks and resources behind to accelerate and get them to Morgan's quickly as possible. And we all know that

the Midwest is one of the largest manufacturing centers in the entire world and what's a hundred billion dollar market contributes over 500,000 jobs. There's a huge opportunity to make impact, huge opportunity to leave the fourth Industrial Revolution and through Partnerships between universities and we can work together. I like to open it up if there's any questions specifically about Empire or the program and hope to work with you on the phone. So thank you very much Laura. Thanks

Haven. So you mentioned the first cohort of going to be industrial Internet of Things. Tell us more about that. What qualifies in does as industrial internet of things. If startup wants to participate in to Broad category is in our eyes. You know where we're seeing a lot of support, is everything from looking at greater visibility, and in more efficiency and transportation of goods to just basic Automation and Robotics and lots of different opportunities

and things like, internet of things, I know it's a new term, it's not new to Industry in the machine. But there are new opportunities with the Advent of 5G, on the ability to communicate, cloud-computing by certain collapse of pricing apartment. Great. Well, we also wanted to touch on it to other subjects with you. One is the knowledge that I posted the 4th Revolution Awards, and since I'm probably sitting in front of you and orange and blue, I thought, maybe you could acknowledge a little bit of our, our ties with that, we had some

Illini entrepreneurs featured at your event. So, congrats to Danny Gardner and adeel akhtar as an examples, least one or two University of Illinois, team that wins one of the awards. In this year's best bus bus with Danny Gardner, winning the rising star. I'm truly a company that is a bird in finding a market, taking advantage of disruptions like covid chat to create new opportunities in just unlimited the product. So many people's lives, just two amazing companies and then your last year I Know It cast 21 as well. Win an award show your

great work. You all are doing, we're happy to continue to support these teams. The last thing I thought I'd mention with mhub is they played an instrumental role in Chicago bringing together entrepreneurs that we're trying to address new technology or product for the pandemic. How did you work with matter and other organizations to think about serving entrepreneurs and using the physical resources? You have your between organizations, like 1871 matter and mo we collectively support about 1000 startups. And I think it's somewhere around three thousand enemy and we wanted to

tap in, use our resources, to make, it's bigger than packed as possible. And I'm have that immediately met, you know, putting together a couple different project teams to develop ventilators, Hitman create an air-purifying respirator. Air Force of Darkness, a project catching legs on the face Shields with Nate, over twenty thousand of them in over two hundred of those are and then beyond that, you know, we engaged a bunch of Public Health officials hospitals and really try to understand what were the broader Tech needs

that they that could enable more efficient operations to respond to the speed down from that identified, Throughout a challenge to our communities had about 300 organization that we're doing everything from Rapid testing to creating PGE, marketplaces to identifying new ways, to sanitize are water and surf. It's been amazing to see that going Thanks for your work on that. And if you're interested in participating and the accelerator program or other activities, that mhub, puts on, see the chat for the links and we'll catch you later Haven, and we're going to welcome Layla.

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