Newchip Accelerator
Also known as NewChip Accelerator, Newchip, Astralabs
Accelerator Austin, United States Run by Newchip, Inc. inactive
Overview
Austin-based accelerator that started as an aggregator of equity-crowdfunding deals before charging startups fees for a three-month training program. The operator filed for Chapter 11 bankruptcy in March 2023, converted to Chapter 7 liquidation about two months later, and its website went offline in May 2023. A bankruptcy court ordered the stock warrants it held in alumni companies to be sold.
What startups get
No cash investment. Startups paid program fees ranging from a few thousand dollars up to about $20K and granted Newchip a warrant to buy $250K of shares later at the then-current valuation.
Details
- Type
- Accelerator
- Run by
- Newchip, Inc.
- Headquarters
- Austin, United States
- Format
- Three-month paid training program
- Stages
- Pre-seed, Seed
- Status
- Inactive (closed, merged, or paused)
Notable alumni
About this data
Compiled from the program’s website, announcements, and press reports as of October 9, 2026. Terms, credits, and eligibility change between cohorts; confirm them with the program before applying. Alumni are examples, not a complete list.