Austin, TX, July 23, 2019 (GLOBE NEWSWIRE) -- Newchip, an Austin-based web and mobile investment platform that connects startups to investors, is excited to announce the launch of its July Pre-Seed Accelerator cohort, which includes 30 new startups from around the world. The startups range in industry focus from consumer goods and services to high tech solutions, including artificial intelligence (AI) systems, augmented reality (AR), social impact software, agriculture tech, garage doors, push carts, pet sitting, HR tools, and much more.
“The entrepreneur community that Newchip serves has expanded at an astonishing rate,” said Ryan Rafols, CEO of Newchip. “At the core of this growth is our Pre-Seed Accelerator program, which is helping entrepreneurs who have already validated their startup idea with a clear target market and a developed prototype to optimize their business into one that is scalable, efficient, and ready for pre-seed investment by friends, family, Angels, and crowd investors.”
Newchip launched its inaugural online accelerator program back in April 2019 with the mission of preparing its participants to launch, scale, and fund their startups. Founders in the inaugural cohort graduated at the end of June 2019 in Newchip’s Investor Startup Showcase, a multi-day, online event for participating startups in the Accelerator program to pitch their companies to prospective investors around the world.
“The pool of candidates for the Newchip Pre-Seed Accelerator has become so much more competitive over the past months. As companies from our initial cohorts finish the Pre-Seed program and go off to scale their business to the next level, we’re left with a legacy of genuine commitment to helping entrepreneurs as well as a growing community of alumni around the world,” said Joshua Lawton, Accelerator Director of Newchip. “We created the Pre-Seed Accelerator program as a valuable avenue through which startups, anywhere in the world, can take their early-stage business to the next level in order to raise capital - and it’s working!”
Companies participating in the July 2019 Newchip Pre-Seed Accelerator include:
Newchip’s Accelerator is revolutionizing the global startup accelerator and fundraising industry by democratizing capital and bringing access to companies outside of major startup hubs. Its programs, including its Seed, Pre-Seed, and Bootcamp, accept new applicants on a rolling basis, graduating more companies than a typical accelerator due to its equity-free and tuition-based nature.
About Newchip Accelerator:
The Newchip Accelerator is an immersive, equity-free, online accelerator program for Early Stage to Series A startups serious about scaling their businesses to the next level. Participants engage in a comprehensive curriculum of training, 1-1 mentor sessions, Masterminds, and live classes to prepare them to raise investment capital from Angels, VC’s, and the crowd. Three components comprise the Newchip Accelerator: Bootcamp, Pre-Seed, and Seed. Startups apply and are accepted into an appropriate Accelerator program based on the stage, traction, and trajectory of their business.
To apply for the Newchip Accelerator, please visit https://launch.newchip.com/.
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Contact: Mr. Armando Vera Carvajal Newchip Media Relations Austin, TX USA pr@newchip.com