The Global Online Accelerator

Providing the most promising startups and companies with all of the tools and skills necessary to fundraise, build, and scale successfully.

2015 IH 35 South Ste 130 
Austin, Texas, 78741
Contact us 

MissionApplyMentors

AS FEATURED IN

Newchip HQ

© 2019 Newchip Inc. All rights reserved

FOLLOW US ON

ABOUT US

Since 2016, Newchip has helped thousands of entrepreneurs raise millions across the globe.

Equity-Free
Accelerator

Unlike accelerators that require you to move across the country and give up 5% of your company, we’re 100% equity-free and you can participate from anywhere in the world. 

A rigorous at-your-own-pace program including online coursework, weekly classes, mentor hours, training videos, market analysis, quizzes, tests, best practice reports, and more...

100% Online 
Curriculum

Access 100k+
Investor Network

We'll curate a list of investors, and create a fundraising plan specific to your startup as well as once you graduate the program, you’ll be able to live pitch our community. 

Accelerator Mission:

Our mission is to make the knowledge, the network, and the communities that develop around strong accelerator programs available to everyone regardless of stage and location in the world.

1,000+
Startups

We've helped hundreds of entrepreneurs raise millions.

 Our Programs 

Acceptance into our programs is based on traction, revenue, and funding raised to date as well as your specific goals to accomplish by the end of your cohort.

DEDICATED ADVISORY
& SERVICES  

Advisor Expertise:
• Product & Development   
• Talent Acquisition & Retention

• Business Strategy & Operations

Requirements:
• Accelerator Members Only

REQUEST INFO

8-WEEK STARTUP
 MASTERCLASS 

Program Goals: 
•  $250K in Funding

Program Includes:
• Weekly Classes & Masterminds

• Group Advisor & Mentor Sessions 
• Community Access & More...

APPLY NOW

Our 
Programs

Acceptance is based on how much revenue and funding you've raised to date as well as your startup goals.

Accelerator Mission:

Our mission is to make the knowledge, the network, and the communities that develop around strong accelerator programs available to everyone regardless of stage and location in the world.

What are some common misconceptions about accelerators? 
The worst are: it's easy, the accelerator will do all the work for you, and we'll magically get you money. The reality is, we're going to work you to the bone and show you what it takes to succeed, but it's still in your hands to close deals and succeed. If you learn one thing in the program, remember that it's okay to pivot and it's best to FAIL HARD and FAIL FAST because some of the companies on your left and right by the end of the program won't be in business, founders will have had a fallout, and some will pivot entirely.

What should I expect from the program as an international founder? 
It's basically the same and while we may not have as many resources in your country, you'll be connected to our resources around the globe. 

Do I need to know someone at Newchip to get in?  
No. One of our core principles is to consider all applications equally. We don't rely on introductions the way many investors do and our founders actually hate it if you spam them online. We've got a great team to source companies and you should respect that we respect them and their decisions. 
 
If we participated in another accelerator, can we join yours? 
Yes. We often get companies that have graduated other accelerators that are coming to us because they didn't learn anything about fundraising at their previous program.  However, if you've done another accelerator already, we may expect that you've reached a higher level of progress in your application. 

If you don't take equity in the company, what's the catch?
Along with connecting you to our investors and helping you build a fundraising plan, we have a fund to invest in the top graduates. The goal of a cohort is to work together to succeed, but also it's also to motivate you to compete with each other over who grows the most throughout the program. Remember, being the biggest and baddest, doesn't always = investment. Grit does. When we invest, it depends on the stage and valuation of the company at the end of the program- so it can be anywhere from $10k to $100k. 

Are there other equity free accelerators out there? 
We are the only program like ours that is specifically tailored to funding your startup. Other similar programs focus on building an MVP or getting off the ground, examples are Whartons Entrepreneur Accelerator (Pre-Accelerator) for $2,600, Draper University (Pre-Accelerator) for $12,000, Founder Institute (Pre-Accelerator) for $999 + equity as well as a few other hybrids. We're proud to offer a full accelerator that is equity free, that invest in the top graduates, and has a world-renowned team of "real entrepreneurs"- not just consultants. 

Do you have merit scholarships for the masterclass?
Yes, but they are merit and financial need-based (largely on the stage of your company . If accepted into the program, please message your program director and have a conversation with them. You can also message us below in chat 24/7 and we'll respond as soon as we can.

We only need more money, does this make sense for us?
Money is important to a startup, and while we don't give away money, we're here to help you accelerate your growth to reach your funding goals, needs, and connect you to investors to close more funding. If you don't have a track record or the network to raise millions, then yes, the program will help you.

We were denied. Can we apply more than once? 
Yes. If you've applied before and didn't get in, we strongly encourage you to apply again. Having made progress since your last application is a strong signal to us that you're ready for a startup accelerator.

What kind of success have you and your team had?
We've built a community of 100,000+ investors and entrepreneurs, helped fund over $20,000,000+ into startups in 2018, and raised 10's of millions for the companies we've built and sold over the last two decades.

When is the next cohort going live?
We launch new cohorts the 1st of each month, with applications due the 15th of the previous month. As soon as you apply, if you are accepted, we'll give you information on your cohort based on seats available.. 

What stage of funding do I need to be to apply?  
Companies in our cohorts have raised seed capital from anywhere between $10k to $3m. What matters most to us is the team and revenue and we'll work with any startup that hasn't already raised a series A round from VCs. 


Do you only work with tech companies?
We consider startups and businesses in any field. We've worked with companies that make everything from microbes, to reactors, to coffee shops. This is not likely to be your only, let alone your last startup, and it may not succeed. We're here to give you the skills to help you throughout your career.

Can a single person/solo founder apply? 
Yes. We regularly accept solo founders. That said, our advice remains that one-person startups are tough and you're more likely to succeed with a co-founder. Maybe you'll find one in the program? 
 

I have a great idea for a startup but I'm not technical?  
It's important for the founding team to have the skills to build their product themselves, rather than outsourcing it to someone else. For most businesses, that usually means you need a technical co-founder. However, in some businesses and locations, this just isn't possible. For these companies, we recommend outsourcing until you can bring it in-house.  

Does Newchip invest in every company in the accelerator? 
Because we wanted to make the accelerator open to as many great companies as possible, we don't "automatically" invest in every company we accept, we only invest in the top companies to graduate the program.

Do we need to incorporate before applying?
Nope. We don't take equity so it doesn't matter. We do recommend you and your team have some kind of legal operating agreement so that there are no founder issues later when inevitably there is some disagreement.

 
Just how difficult is the program to complete? 
While you can complete the program at your own pace (we recommend 3 hours a week to just keep up), the program modules are rigorous, and the test are difficult. You can complete these portions all at your own pace but we won't just stamp your certificate for "breathing", you have to grow and improve and pass "eventually". Everything worthwhile takes work, and so will this program. Just because you have an idea, that doesn't equal free money- you have to learn, apply it, hustle, and most importantly have grit. Then again, you also could join, and come in and complete it at the pace of your company so it could take you a few years to complete the course and we'll update it as you go. We're here to serve you for the life of your company and hope you will pay it forward on your end too. 

What if we're doing/building something capital intensive like a rocket to the moon?
We'll still work with you and instead of trying to build something launchable in three months or that can scale that quickly, the goal becomes building an impressive proof of concept to take to later stage investors to raise more money. We rarely take on these types of deals but we're happy to review!

Frequently Asked Questions

FAQ

LEARN MOREVIEW COMPANIES WE'VE WORKED WITHInvest

Application Process

1. Application & 
Video Interview

Founders complete an online application and should prepare a introduction pitch about yourself and your startup if selected for interview.

Round 1- Application Review: 
3  Business Days

Round 2- Founder Interview:
3 Business Days

2. Evaluation & Selection

A detailed due diligence evaluation and analysis will be conducted by our venture team to determine your suitability for the program. 

Round 3- Application Pass/Fail:
2 Business Days

Acceptance Notification:
24 hours

3. Overall Process & Deadlines

Our vetting process takes 8 business days and we have 6-8 cohorts a year. 

Deadlines- Applications are due no later than 15th of the month prior to the launch of the cohort.

Cohort seating is limited so we recommend applying early to the program to secure a seat. 

APPLY NOW

Application Process

Requirements Once Accepted: 
1. Attend remote live classes and online office hours.
2. Submit a weekly update of KPI progress to the team.
3. Be an active member of the community and cohort.

Program 
Requirements

 We understand founders are busy building companies, so we only require 3-4 hours per week and the rest of our programs are at your own pace.

REQUEST INFORMATIONFundraisePress

12-WEEK NEWCHIP
 ACCELERATOR PROGRAM

Program Goals: 
• $500K-$3M in Funding

Program Includes:
• Weekly Classes & Masterminds, 

• 1-1 Advisor & Mentor Sessions 
• Community Access & More...

APPLY NOW

100,000+
Investors

$100M+
Raised

Recommended Traction & Stages for Acceptance: 

Accelerator Program: 
Seed to Series A Stage with $100K+ raised OR $100K+ in revenue to date.

Startup Masterclass:  
Idea/Pre-Seed/Bootstrapped/Seed Stage with less than $100K in revenue to date.

What's Covered in the Curriculum:
Preparing for Your Raise, Calculating Runway & Creating a Fundraising Plan, How to Build Teams That Will Scale, How to Fund Your Startup from Idea to IPO, Setting up Data-rooms, Building Investor Funnels, Finding the "Right" Advisors, "Pitching" vs. Building Relationships, How to Make Friends of Your Competitors, Building Products That Your Users Love & Why That Matters to Investors, Due Diligence: Getting Ready to Accept Funding, Cleaning Out The Closet & Captable, Investor Negotiations & Closing Deals Without Giving Up Control of EVERYTHING, Startup Case Studies: When Everything Succeeds or Fails & How to Sell OR Unwind Your Business, Lean Principles Idea to IPO: Iterating Success, Co-founders and How to Find Them, Attracting A+ Talent, How and When to Pivot, Analytics and Data: How to Make Data-Driven Decisions, Financial Modeling and KPI Tracking, and much more...

LEARN MORE

Program Requirements