Hardware accelerators provide the resources and guidance needed to bring physical products to market. This list covers programs from around the world that help founders with this complex process.
For example, Innovation Works has funded over 650 companies since its start. Other key players include HAX with more than 600 investments and StartX with over 80 successful exits.
Below is our list of the best 42 Hardware accelerators and incubators.
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2,189 Accelerators & Incubators
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1,600+ Unicorns
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Get the Sheet for $50Working exclusively with Stanford's top entrepreneurs, StartX operates as an educational non-profit to accelerate their growth. They provide a powerful founder community and a wide array of resources to help build impactful companies without taking equity.
| Headquarters | Palo Alto, California, United States |
| Year Founded | 2011 |
| Founders | Matt Man, Richard Rabbat, Anuj Khandelwal, Christopher Morace, Arthur Meng, Dan McEleney, Danny Yu, Katie Fo, Steve Petersen, Lily Sarafan, Dan Ha, Jonathan Golden, Juan Vera, Haamid Ali, Charles Blanluet, Karen Katz, Cameron Teitelman |
| Nº of Investments | 339 |
| Nº of Exits | 81 |
Innovation Works fuels the growth of early-stage tech companies by providing critical seed funding and expert business guidance. They operate specialized accelerator programs, including AlphaLab and the Robotics Factory, to support startups across a wide range of industries like software, hardware, and life sciences.
| Headquarters | Pittsburgh, Pennsylvania, United States |
| Year Founded | 1999 |
| Founders | Lisa Greenleaf |
| Investment Amount | AlphaLab/AlphaLab Gear: $100K convertible note + 2% common equity; Robotics Factory: up to $100K |
| Equity Taken | 2% common equity + convertible note |
| Nº of Investments | 666 |
| Nº of Exits | 54 |
EvoNexus helps entrepreneurs transform ambitious ideas in sectors like hardware, IoT, and life sciences into commercially viable tech companies. Operating as a non-profit incubator, they provide founders with critical resources and mentorship without taking any equity.
| Headquarters | La Jolla, California, United States |
| Year Founded | 1998 |
| Founders | Rory Moore, Walter Davis |
| Nº of Investments | 227 |
| Nº of Exits | 43 |
South Park Commons fosters a community where technologists, builders, and domain experts can turn early-stage ideas into companies. They support these founders with a unique environment for exploration and a $1 million investment to help launch their ventures.
| Headquarters | San Francisco, California, United States |
| Year Founded | 2016 |
| Founders | Ruchi Sanghvi, Abhinav Vora, Ben Yang, Remi Gai, Shaun Sims, Rahul Madduluri, Amy Shen |
| Investment Amount | $400K upfront + $600K guaranteed in next round = $1M total |
| Equity Taken | 7% |
| Nº of Investments | 229 |
| Nº of Exits | 15 |
| Program Type | On-Site |
HAX fuels the growth of hard tech startups with early-stage funding and hands-on engineering support. They specialize in helping founders solve complex challenges across industrial, health, and climate sectors.
| Headquarters | San Francisco, California, United States |
| Year Founded | 2011 |
| Founders | Cyril Ebersweiler, Sajjad Rimaz, Sean O'Sullivan, Jay Bullen, Saeid Masudy Panah, Sofia Bensily, Syed Shakeel Ahmed |
| Investment Amount | $250K-$500K ($150K cash + $100K in-kind support) |
| Equity Taken | 10-20% (varies by source: 10% or 12-20%) |
| Nº of Investments | 627 |
| Nº of Exits | 14 |
| Duration (Weeks) | 26 |
Movac champions ambitious Kiwi tech founders by providing crucial early-stage funding for software, hardware, and deep tech ventures. With a portfolio that includes successes like Vend and Timely, they use their extensive experience as New Zealand's longest-standing venture investor to help local startups scale globally.
| Headquarters | Wellington, Wellington, New Zealand |
| Year Founded | 1998 |
| Founders | Lisa Nelson, Phil McCaw, Rachel Taulelei |
| Nº of Investments | 68 |
| Nº of Exits | 13 |
Focused exclusively on hardware, Highway1 provides seed funding and expert guidance to help startups bring physical products to market. The program supports founders in areas like IoT and consumer electronics, helping them navigate the complex journey from prototype to production.
| Headquarters | San Francisco, California, United States |
| Year Founded | 2013 |
| Founders | Liam Casey, Brady Forrest |
| Investment Amount | $100K or $50K |
| Equity Taken | 8% or 5% depending on investment |
| Nº of Investments | 83 |
| Nº of Exits | 13 |
Tech Wildcatters operates as a mentorship-driven accelerator and venture fund, primarily backing early-stage B2B enterprise startups. They provide founders with seed funding between $100K and $130K to help them build and scale their companies.
| Headquarters | Dallas, Texas, United States |
| Year Founded | 2009 |
| Founders | John Reed, Brad Taylor, Jon Feld, Gabriella Draney Zielke |
| Investment Amount | $100K-$130K seed funding |
| Equity Taken | Up to 10% |
| Nº of Investments | 103 |
| Nº of Exits | 13 |
Born out of the University of Tokyo, UTokyo Innovation Platform focuses on turning academic research into successful businesses through venture investment. They support startups from early to later stages across a wide spectrum of deep tech fields, including life sciences, space, and AI.
| Headquarters | Tokyo, Tokyo, Japan |
| Year Founded | 2016 |
| Founders | Katsuhiko Oizumi |
| Nº of Investments | 73 |
| Nº of Exits | 9 |
Dedicated to building and scaling globally competitive companies, the Accelerator Centre provides tech startups with world-class mentorship and resources to help them commercialize. As a not-for-profit incubator, they support a wide range of deep tech fields and offer specialized programs with significant in-kind services instead of taking equity.
| Headquarters | Waterloo, Ontario, Canada |
| Year Founded | 2006 |
| Founders | — |
| Investment Amount | Aerospace Program: up to $600K in-kind tools/services |
| Nº of Investments | 211 |
| Nº of Exits | 9 |
| Program Type | On-Site |
| Duration (Weeks) | 144 |
32 Additional Hardware Accelerators and Incubators Worth Applying To
Our top picks are a great place to start, but the support for hardware founders extends far beyond them. The programs below come from over 15 different countries and have collectively invested in more than 1,400 startups.
Together, they have helped more than 50 startups reach an exit. Here’s a look at the other accelerators and incubators helping hardware founders build their companies.