Newchip, Inc. was an Austin-based company that operated a global online accelerator program. Its mission was to provide early-stage startups with the necessary tools, mentorship, and network to raise capital from investors. The platform aimed to democratize access to funding for entrepreneurs worldwide. However, the company abruptly ceased operations in late 2022 after laying off the majority of its staff. Its official website now redirects to another entity. In March 2024, the SEC filed a lawsuit against Newchip and its former CEO, alleging they defrauded investors by misrepresenting the company's success and financial health.

Founded in

United States