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Newchip discount codes and coupons November 2020 | Pre-Seed Accelerator

Take your business to the next level with an equity-free accelerated program of knowledge and access to investors.

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Newchip discounts, promo codes, coupons and sales

Newchip Accelerator Newchip Accelerator

Pre-Seed Accelerator

Experience Newchip Pre-Seed Accelerator program with up to $250,000 eligible investment. Hurry, apply now.

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Newchip Accelerator Newchip Accelerator

$400k+ in program benefits & resources

Witness $400k+ in program benefits and resources at Newchip. Don't miss out, apply now.

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Popular Newchip Accelerator coupon codes

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27 Jul 2020 Pre-Seed Accelerator ********
27 Jul 2020 $400k+ in program benefits & resources ********

What you need to know about Newchip

Newchip is a 100% online business accelerator that is equity-free. Its program includes masterminds, one-to-one mentorship, virtual demo days with investors, live classes and training sessions.

Regardless of the stage your business is at or where you’re located in the world, you’ll get access to Newchip’s network, knowledge base and startup communities.


How can I use Newchip for my business?

Newchip provides founders with the tools and skills needed to build and fund startups with a series of accelerator programs tailored to their stage of growth.

  • Equity-free programs
  • 100% online and remote so you can operate from anywhere
  • Fast-track your skills development
  • Connect with a global community of founders, venture capitalists and angel investors
  • Develop your startup and fundraising roadmap with expert mentors

What are Newchip’s programs?

Newchip offers three separate programs for companies at different levels of their startup phase.

The first program offered is a pre-accelerator course that provides lifetime access to course content and associated perks. Access will cost a $100 donation to Newchip’s scholarship fund for minorities and female founders.

Applicants applying for either the Pre-seed Accelerator and Seed and Series A Accelerator will usually receive a grant or scholarship by a fund partner for the full cost of admission into the program.

Note: All dollar amounts and prices are expressed in USD.

Pre-accelerator ProgramPre-seed AcceleratorSeed and Series A Accelerator
Program LengthSelf-paced program3-6 month program3-6 month program
Includes
  • Over 30 hours of online modules
  • Startup and legal templates
  • Incorporation assistance
  • 2-4 hours coursework biweekly
  • Mentor office hours
  • Mastermind session
  • 2-4 hours coursework biweekly
  • Mentor office hours
  • Mastermind session
Requirements$1,000-$50,000 raised or

$1,000-$50,000 in revenue

$50,000-$250,000+ raised or $50,000-$250,000+ in revenue$250,000-$3 million+ raised and $250,000-$3 million+ in revenue
Program focus
  • Raising funding to build MVP
  • Generating initial revenue and sales to qualify for the Pre-Seed Accelerator
  • Raising funding up to $1 million
  • Generating revenue up to $1 million
  • Raising funding up to $10 million
  • Scaling revenue up to $10 million

Newchip review | Pros and cons

Pros

  • Apply online
  • Longer program than what is offered by competitors
  • Costs covered by a grant or scholarship

Cons

  • Lengthy application process
  • Acceptance is not guaranteed



How does the Newchip application process work?

  1. Application review (3-5 business days). Submit your application and Newchip will email you to advise if you have been selected for an interview.
  2. Founder interview (5-20 business days). Once approved, you’ll be able to schedule an interview with the founder.
  3. Evaluation (2-3 business days). Newchip will determine your suitability and meet with its acceptance committee.
  4. Selection. Once accepted, you’ll be given five business days to accept your seat in the program.

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