Photo: 1871
1871 has made a sizable impact on the Chicago tech community. The startup incubator has helped hundreds of local startups develop their ideas, build a professional support network and get their business off the ground. But a recent deal will help 1871 create an impact outside of Chicago in the western suburbs.
On Tuesday, 1871 announced that it is acquiring Hub88. Although specific details of the acquisition were not announced, the two have entered a binding agreement that is expected to close some time in the future.
Hub88 is a tech accelerator based in Naperville, within the Nokia campus. Because of its access to the Nokia Bell Labs, Hub88 gives entrepreneurs access to cutting-edge technology to explore potential applications. This tech includes things like LTE and 5G, carrier-grade communications networks, drones and more.