Startups, apply to our RAPID Hardware Accelerator before March 24th. Learn More

Ventures

Incubator

NextFab’s Business Incubator is a nine-month commitment to help launch local hardware startups. We provide office space, business coaching, workshops, guest speakers, mentors, networking, and more in order to help you build your physical product, attract outside funding, and facilitate future growth.

Accelerator

Our RAPID Hardware Accelerator is a 12-week program to help you decide if entrepreneurship is right for you by providing information and tools needed to start and grow a hardware business. Through the RAPID program, you gain membership to NextFab, one-on-one coaching and mentorship from experienced professionals, a network of creative entrepreneurs, and access to classes, machine time, and a dedicated workspace.

FAQ's

Incubator

Can we be incubated at any location?

Both the incubator and accelerator take place at NextFab’s South Philadelphia location (2025 Washington Ave) and Wilmington, DE location (501-509 N. Tatnall Street). At this time, the incubator and accelerator programs are not offered at our North Philadelphia location, but you still have access to its machines and classes.

What type of space do you have available?

We offer three types of spaces at our locations:
Dedicated desks, an ideal low-cost solution for solopreneurs interested in having their own desk, business address, and concierge postal mail service.
Office space for teams in need of private office space to work on and store projects.
Light fabrication and assembly area, a raw workspace where you can build your products and prototypes.

Will I get 24/7 access to my dedicated desk, office, and/or workspace?

Yes, you will have 24/7 access to your space. Your access to NextFab’s advanced manufacturing equipment and workshops is limited to NextFab’s regular business hours.

What is NextFab looking for in an incubator applicant?

We are looking for hardware entrepreneurs who are beyond the idea stage, are already making sales, and are looking forward to establishing themselves in their respective fields. Ideally, these individuals will become active members in our community and will collaborate closely with our larger membership base.

Does my company need to be incorporated?

Yes! You should also obtain and keep in force a general liability insurance with a combined single limit of no less than $1,000,000 per occurrence for bodily injury and property damage insuring both NextFab and yourself against liability arising out of use, occupancy, and maintenance of your space at NextFab.

Accelerator

Where is the RAPID program going to take place?

All events will take place at NextFab’s main location at 2025 Washington Ave.

What differentiates the RAPID hardware accelerator from other programs?

We are entirely focused on working with hardware startups and our state-of-the-art makerspace facility in South Philadelphia serves as a one stop shop for all their prototyping needs. The selected teams will get funding and gain access to a dedicated desk, the opportunity to meet mentors, experienced advisors, and become part of a community of talented designers, artists, engineers, and entrepreneurs.

Will you sign a non-disclosure agreement (NDA)?

Applicants and participants in our programs are discouraged from disclosing confidential information about their product(s)/device(s). You are solely responsible for your own intellectual property. We respect the confidentiality of your ideas, but similarly to other organizations in the startup ecosystem that are engaged in reviewing hundreds of business plans and ideas, we do not sign non-disclosure agreements (NDAs).

How many applicants will be accepted for each cohort of the RAPID Hardware Accelerator?

We usually accept 4-5 teams or individuals for each cohort of the RAPID Hardware Accelerator program.

Will I/we get a mentor?

Yes! RAPID participants will be matched with mentors as part of the program.

Do you provide funding?

Yes, we provide seed funding for RAPID participants (up to $25,000 per team). We can provide follow-on capital based on your progress in the program.

Do you take equity?

NextFab’s $25,000 investment will be in the form of an S.A.F.E. instrument or Simple Agreement for Future Equity. Using this type of investment keeps legal costs low allowing for each company to spend more on de-risking their product to attract future investment. In short, no equity will be initially exchanged for entrance into the RAPID program. NextFab’s investment will convert to equity once a company raises an equity round of financing.

What is NextFab looking for in an applicant?

While we’re open to receiving applications from anyone, our ideal team would have 2 co-founders, a physical prototype, a patented technology, and a good estimate of the market size.

Does my company need to be incorporated?

No. However, we have a preference for startups incorporated as Delaware C-Corporations.

Current Startups

Blue Sky Nano company logo

Blue Sky Nano

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GuestOf company logo

GuestOf

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Hacker Prep company logo

Hacker Prep

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Tory Surgical Solutions company logo

Tory Surgical Solutions

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Crowdfunded Projects

Several of our members have turned seemingly impossible dreams into reality through crowdfunding. Whether they use Kickstarter, Indiegogo, or another crowdfunding platform, many have successfully funded their concepts.

Member Brands

Startups, small businesses, and existing brands have breathed new life into their products right here at NextFab. Whether they're developing a little side project or a full-blown business, many of our members are making and promoting amazing things.

Jobs Board

Looking to make some money through contracted jobs using your personal skills and expertise?

Members have access to our Jobs Board, a forum for posting and bidding on projects. You can either bid on a job already posted, or post a request for projects. Log in to your member account to check it out.