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HAX Accelerator

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Venture capital accelerator
HAX
Company typeSubsidiary
IndustryVenture Capital
Founded2011
FounderCyril Ebersweiler
Sean O'Sullivan
HeadquartersNewark, New Jersey, United States
Number of locations5
ServicesInvestment
ParentSOSV
Websitewww.hax.co

HAX (formerly HAXLR8R) is a pre-seed, startup development program specializing in hard tech startups and headquartered in Newark, New Jersey. The 35,000-square-foot (3,300 m) facility houses machine shops and mechanical, chemical, and electronics labs to support founders working on sustainability tech across climate, industrial automation, and human health. Operated by the U.S. venture fund SOSV, HAX also has offices in Pune, Shenzhen, San Francisco, and Tokyo.

History

Founded in 2011 by Cyril Ebersweiler and Sean O'Sullivan, the first HAX program ran in Shenzhen from March to June 2012. More than 257 startups have completed the program.

In September 2021, the New Jersey Economic Development Authority (NJEDA) announced a partnership with SOSV to provide $25 million over five years to build the new HAX headquarters in Newark in exchange for launching 100 hard tech startups focused on health tech and "re-industrialization and decarbonization of the U.S." The new HAX office opened officially on April 30, 2024 at an event featuring New Jersey Governor Phil Murphy.

Startups accepted into the HAX program receive an initial investment of $250,000 - $500,000 in pre-seed funding from SOSV and join a collaborative residency in Newark supported by staff design and engineering teams. Once HAX companies complete the program, they typically raise series seed and later stage venture rounds, in which SOSV usually participates.

Companies affiliated with the HAX program include:

  • Formlabs, a 3D printing company
  • Opentrons, open-source, lab automation
  • unSpun, 3D weaving technology for apparel for on-demand production
  • Neptune Robotics, robotic ship hull cleaning
  • Flow Neuroscience, addressing depression with transcranial direct-current stimulation
  • Voltstorage, grid-level energy storage based on redox flow storage battery technology
  • Allozymes, platform technology to rapidly develop novel enzymes
  • Smartex, automated AI-based Inspection for circular knitting machines
  • Green Li-ion, lithium-ion battery recycling
  • SepPure Technologies, sustainable chemical separation
  • R-Zero, building monitoring and automated air and surface disinfection

References

  1. Heater, Brian (April 22, 2024). "Here are the 30+ startups showcasing at HAX's May 1 Demo Day". TechCrunch.
  2. Bergeron, Tom (April 30, 2024). "How HAX is making Newark into global destination for hard tech startups". ROI-NJ.
  3. https://hax.co/hax-announces-new-us-headquarters-in-newark-new-jersey/
  4. Biggs, John. "Haxlr8r Is Looking For A Few Good Hardware Start-Ups To Be Close To The Action". TechCrunch. Retrieved 22 November 2013.
  5. ^ "HAX accelerator program to launch 100 businesses, help catalyze regional tech hub". Princeton Engineering. September 19, 2021.
  6. Heater, Brian (September 16, 2021). "SOSV is building a New Jersey HAX facility for industrial, healthcare and climate startups". TechCrunch.
  7. Pytell, Jim (April 30, 2024). "HAX Opens New Headquarters in Newark". New Jersey Business Magazine.
  8. Fazelpoor, Matthew (May 1, 2024). "HAX cuts ribbon on US headquarters in Newark". NJBIZ.
  9. Kalhorn, Renita (January 4, 2022). "Impossible Made Inevitable: How *One Global VC Firm Helps Deep Tech Founders Go Further Faster". Forbes.
  10. Warren, Liz (September 8, 2021). "Unspun Raises $7.5M for US-Based Robotic Manufacturing". Sourcing Journal.
  11. Warren, Liz (September 8, 2021). "Unspun Raises $7.5M for US-Based Robotic Manufacturing". Rivet.
  12. Taylor, Dan (August 10, 2021). "Flow Neuroscience raises $9 million, takes depression head on". Tech.eu.
  13. Kolodny, Lora (January 10, 2017). "Hardware and robots to watch at the HAX IX demo day". TechCrunch.
  14. Coldewey, Devin (July 6, 2021). "Allozymes looks to upend chemical manufacturing with rapid enzyme engineering and $5M seed". TechCrunch.
  15. Kamps, Haje Jan (November 3, 2022). "Smartex sews up $24.7M to put smarter eyes on textile manufacturing". TechCrunch.
  16. Taylor, Brian (September 29, 2020). "Green Li-ion seeks to charge up lithium-ion sector". Recycling Today.
  17. Cordon, Miguel (September 16, 2019). "Connecting Asia's startup ecosystem". Tech in Asia.
  18. Marston, Jennifer (November 13, 2020). "R-Zero Raises $15M to Make UV-C Tech More Accessible to Restaurants". The Spoon.

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