HAX Accelerator explained

HAX
Type:	Subsidiary
Foundation:	2011
Founder:	Cyril Ebersweiler Sean O'Sullivan
Industry:	Venture Capital
Services:	Investment
Location City:	Newark, New Jersey
Location Country:	United States
Locations:	5
Parent:	SOSV
Homepage:	www.hax.co

HAX (formerly HAXLR8R) is a pre-seed, startup development program specializing in hard tech startups and headquartered in Newark, New Jersey. The 35000square feet facility houses machine shops and mechanical, chemical, and electronics labs to support founders working on sustainability tech across climate, industrial automation, and human health.^{[1] [2]} Operated by the U.S. venture fund SOSV, HAX also has offices in Pune, Shenzhen, San Francisco, and Tokyo.^[3]

History

Founded in 2011 by Cyril Ebersweiler and Sean O'Sullivan, the first HAX program ran in Shenzhen from March to June 2012.^[4] More than 257 startups have completed the program.^[5]

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."^[6] The new HAX office opened officially on April 30, 2024 at an event featuring New Jersey Governor Phil Murphy.^[7]

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.^{[8] [5]} Once HAX companies complete the program, they typically raise series seed and later stage venture rounds, in which SOSV usually participates.^[5]

Companies affiliated with the HAX program include:

• Formlabs, a 3D printing company^[5]
• Opentrons, open-source, lab automation^[9]
• unSpun, 3D weaving technology for apparel for on-demand production^[10]
• Neptune Robotics, robotic ship hull cleaning^[11]
• Flow Neuroscience, addressing depression with transcranial direct-current stimulation^[12]
• Voltstorage, grid-level energy storage based on redox flow storage battery technology^[13]
• Allozymes, platform technology to rapidly develop novel enzymes^[14]
• Smartex, automated AI-based Inspection for circular knitting machines^[15]
• Green Li-ion, lithium-ion battery recycling^[16]
• SepPure Technologies, sustainable chemical separation^[17]
• R-Zero, building monitoring and automated air and surface disinfection^[18]

External links

• Official website

Notes and References

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