SOSVs HAX Opens 35,000-SF Global Headquarters in Newark, N.J., to Grow Hard Tech Startups
Summary
In addition to funding and mentorship, HAX equips startups with cutting-edge facilities including chemical, mechanical, and electrical engineering labs, 3D printing capabilities, manual metal fabrication, CNC machining, and laser cutting. "As part of the venture fund SOSV, HAXs mission is to launch deep tech founders whose technology promises to reinvent and decarbonize our industry on the path to a more sustainable economy. "Newark is the ideal HQ location for us, given the citys deep manufacturing and industrial heritage as well as its access to local talent, top universities, and capital. With a flagship 35,000 square foot facility in Newark and offices in Shenzhen, Pune and Tokyo, the HAX program provides 6-month collaborative residency, hands-on engineering support, and an initial investment package of $250,000. United by a shared vision, the Alliance and its Members work collaboratively to cement Newarks status as one of Americas most diverse, prosperous, exciting, and equitable cities.