1871 and hub88 announced that they have entered into a binding agreement pursuant to which hub88’s intellectual property assets and programs will be acquired by and integrated into 1871. This integration will further strengthen 1871’s support for members across the entire business maturity curve and expand its physical footprint in Chicago’s Western suburbs.

Rooted in a commitment to drive economic growth throughout Illinois, the news release notes that 1871 and hub88 are naturally aligned in their mission, vision, and values. Both organizations proudly serve as convenors of innovation and entrepreneurship in the region and dedicated partners in the state’s tech community.

With a strong virtual presence and resources at Nokia’s campus in Naperville, hub88 empowers entrepreneurs and corporate intrapreneurs to discover, test, and commercialize emerging technologies and services, with a focus on innovative technologies such as 5G and LTE networking, drones, IoT, and robotics. As a result of today’s announcement, 1871 will assume operation of the hub88 space and continue its emerging tech endeavors and offerings such as the Drone Interest Group and private 5G/LTE, carrier-grade communications lab. 1871 will also continue to support one of hub88’s core missions, which is to inspire and support the next generation of innovators.

Picture Source: hub88

SOURCE (Positively Naperville)