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Newchip

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Overview

Newchip has a rating of 4.5 stars from 58 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Newchip most frequently mention accelerator program. Newchip ranks 47th among Entrepreneurship sites.

  • Service
    45
  • Value
    45
  • Shipping
    34
  • Returns
    33
  • Quality
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How would you rate Newchip?
Top Positive Review

“Enlightening programs.”

Angelica V.
5/20/22

Their accelerator programs are very informative and I would recommend them even to the veteran CEOs out there. The sessions let you mingle with other founders so there's an abundance of best practices shared. The best part is that they helped us raise capital for our digital marketing start-up without taking equity. So our business remains entirely our own. Happy to report that we are now equipped to help smaller businesses grow faster too.

Top Critical Review

“Appears to be a scam”

Alex B.
5/10/23

Newchip appears to be a scam: 1. Either all or most of the companies in the group I was part of were unhappy with them. 2. They have extensive requirements before they will make any introductions. 3. I had issues getting through some of those requirements because they were unavailable. 4. They market a money back guarantee but there are all sorts of fine print that are not there at all in their marketing. 5. They didn't come through with their promises to me. 6. We got zero value out of it

Reviews (58)

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Thumbnail of user alex.b
California
1 review
1 helpful vote
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May 10th, 2023

Newchip appears to be a scam:
1. Either all or most of the companies in the group I was part of were unhappy with them.
2. They have extensive requirements before they will make any introductions.
3. I had issues getting through some of those requirements because they were unavailable.
4. They market a money back guarantee but there are all sorts of fine print that are not there at all in their marketing.
5. They didn't come through with their promises to me.
6. We got zero value out of it

Tip for consumers:
I tried to upload our contract but it's not an image so your website wouldn't let me.

Products used:
Startup accelerator

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Thumbnail of user eugenec170
AE
1 review
4 helpful votes
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December 3rd, 2021

Up until you join, they'll be super responsive with your emails and promise you the world.
Once they've got your fee, you are no longer their concern.
They used a clueless person for our mastermind sessions, provided little guidance for overseas entrants even though they promised the world.
Promised me a mentor that never emailed and when I emailed them my dissatisfaction and asked for even a partial refund, they quoted a company policy.
Enter at your own risk.

Tip for consumers:
Join at your own risk.

Products used:
not much at all. It was just a tick-the-box course that had all pre-recorded videos and write-ups.

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Thumbnail of user andrewr1396
Andrew R. – Newchip Rep

Hi Eugene,
We couldn't find a startup founder under your name in our system and you didn't return our message through the internal SiteJabber messenger so there's not much we can do here except respond:

All other founders, the reality is that successful CEO's are too busy building to write reviews and when 99% of startups fail; someones going to always fail and blame the accelerator at this scale over multiple years.

We do our best to support every founder's success but sometimes founders come in and fail in the first few weeks of the program even or expect us to be a magic instant pill to turnaround poor decisions prior to joining overnight - we put in a lot of work and we’re going to support you, but you’re the CEO at end of day.

Rather than some random stuff on the internet that anyone can write. Here’s some actually great successful startup CEO's we’ve supported and invested in over last year: https://vimeo.com/showcase/8819086

Thumbnail of user angelicav78
Texas
1 review
0 helpful votes
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May 20th, 2022

Their accelerator programs are very informative and I would recommend them even to the veteran CEOs out there. The sessions let you mingle with other founders so there's an abundance of best practices shared.
The best part is that they helped us raise capital for our digital marketing start-up without taking equity. So our business remains entirely our own. Happy to report that we are now equipped to help smaller businesses grow faster too.

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Thumbnail of user mayraz15
Washington
1 review
1 helpful vote
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February 27th, 2023

They had the same enthusiasm as I have for building a successful company. Observing them at work was a great source of motivation. I knew nothing about funding, but they helped me learn what I need to know.

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Thumbnail of user evant147
Texas
1 review
1 helpful vote
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March 2nd, 2022

Very smooth experience. A quick and effective application process. I received answers to all my questions; the team was really supportive and professional. They have good perks for startups: the program is equity-free and opens doors to excellent networking opportunities. I've gained hands-on knowledge and valuable skills to start and scale my business.

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Thumbnail of user lindsayc230
Texas
1 review
2 helpful votes
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March 4th, 2022

Joining this Accelerator program has been the best decision ever! They made fundraising so much easier for me! They did a great job teaching me how to raise capital and, most importantly, how to do it quickly and effectively. My cohort was great; I met really talented people who helped me rethink my pitch and take my message to the next level. They opened the doors to a whole new world for me, a world full of new connections, valuable skills, and hands-on knowledge. Thank you!

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Thumbnail of user cherylk723
Canada
1 review
0 helpful votes
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May 19th, 2022
Verified purchase

If you are open to learning to better your startup business, you need to take this course.

You learn things that are not taught in "traditional" schools.

Plus you can have constant contact, wide-open availability to chat/email with your advisor to bounce ideas! This is valuable!

But the ultimate is contacting investors. You are a pre-qualified company because you took the time to learn about the world of investment funding.

Think about it... if you were an investor, who would you invest in? A company who took the time to learn, or a company that thinks they know it all?

Tip for consumers:
Their holiday schedules are based on the US Calendar, so you need to know thier holidays. Also, thier legal and accounting info is based on the US market/laws.

Products used:
24-week series Seed Accelerator

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Thumbnail of user sahanazg
Texas
1 review
0 helpful votes
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February 13th, 2023

It means so much to learn that you're not alone and that other people have already walked the path you're trying to take now. This program helped me to find real mentors who are knowledgeable and supportive. They guided me and helped me connect with other founders. It didn't take me long to understand that the number one thing I was missing was confidence. Today, I'm excited to see our startup taking its first steps, and I know we have a promising future ahead of us.

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Thumbnail of user marisolq7
Arizona
1 review
0 helpful votes
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January 12th, 2023

We were impressed by how the different teams at Newchip presented the course. Their accelerator is the best in helping startups like us get that extra boost of confidence needed when connecting with investors.

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Thumbnail of user davidm8762
Texas
1 review
0 helpful votes
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January 7th, 2023

After months of struggling to find investors, NewChip pointed us on the right track with their accelerator. The program was very detailed and our mentors took a great time explaining every piece of information.

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Thumbnail of user jimk978
Texas
1 review
1 helpful vote
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May 11th, 2022

One of the best things that sets Newchip apart from other accelerators is their commitment to the people and companies they serve.

More than the learning, I have made great friends and met new mentors. This positive relationship renewed our confidence and taught us how we could move forward as a business.

Thumbnail of user calvins212
Pennsylvania
1 review
0 helpful votes
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March 22nd, 2023

Newchip is an excellent platform for any entrepreneur seeking to fund their venture. The organization offers a comprehensive set of tools and services to assist entrepreneurs in connecting with investors, developing business ideas, and obtaining finance.

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Thumbnail of user wilhelminec
Virginia
1 review
1 helpful vote
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March 24th, 2022

Must-try for those who really want to make it big in business. I've done full circle with Newchip. First, as a student and now, as an investor. They have a massive network that will provide you all the connections you need to get your plans underway. Professional team who know what they're doing. I'm glad they held my hand in my journey towards being a successful entrepreneur.

Thumbnail of user daleh397
Texas
1 review
1 helpful vote
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March 11th, 2022

Couldn't ask for a better group of talented professionals to help us launch our business. They have a proven track record with startups and their network was instrumental in getting us connected with potential partners.

Thumbnail of user angusw27
Texas
1 review
0 helpful votes
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March 4th, 2023

We have been working with Newchip for a couple of times now and never get disappointed. Even as our capital requirements increase, the resources and connections they give us always fill the gap. No regrets investing in their program as they come back a hundredfold.

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Thumbnail of user elliss70
Texas
1 review
0 helpful votes
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May 14th, 2023

Through Newchip we were introduced to our first investor, which created a snowball effect for our business. They hand selected venture capitalists that were interested in our industry and saved us an incredible amount of time and energy.

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Thumbnail of user torij28
Texas
1 review
1 helpful vote
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March 24th, 2022

Amazing mentors who are generous in sharing their knowledge and experience to newbies like me. Great value for me and my startup. We were able to ramp up quickly because of their guidance. Appreciate the help, folks!

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Thumbnail of user ryleyv4
Pennsylvania
1 review
0 helpful votes
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January 5th, 2023

Newchip helped cement our advocacy for financial literacy across the country. They helped us connect to a significant number of investors. Their approach is unconventional and their advisors are always available. Enrolling in their program has really been worth our time and money, and we would do it again in a heartbeat.

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Thumbnail of user cindyo227
Newchip A. – Newchip Rep

Hi Ryley,
Thanks for leaving us such a wonderful review! We are thrilled that you loved your experience. Founder experience and satisfaction are some of our highest priorities, and your review reaffirms the hard work we put in every day. So thank you for your kind words and we look forward to watching your success.
Cheers,
The Newchip Team

Thumbnail of user bartolomeb1
California
1 review
0 helpful votes
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May 16th, 2022

I chose Newchip after comparing their track record with other accelerators. Since partnering with them, we able to schedule 16 meetings with different investors. It helped us raise almost $200,000 for purchasing new equipment.

Newchip has opened new doors for us and gave us the tools to build a better company.

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Thumbnail of user wileyh21
Texas
1 review
0 helpful votes
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July 1st, 2022

A life-changing experience, full of Aha moments! The curriculum and the resources were top-notch. This program helped me regain my confidence and become a better communicator. The skills and knowledge I've acquired here quickly proved essential in my success.

Thumbnail of user wendym1292
Texas
1 review
0 helpful votes
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April 7th, 2023

Their team of experienced advisors provided me with personalized coaching and mentoring, helping me to refine my business plan, develop a marketing strategy, and navigate the fundraising process. Their resources have also been incredibly helpful in connecting me with other entrepreneurs and industry experts.

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Thumbnail of user carliel12
Texas
1 review
0 helpful votes
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May 9th, 2023

I have been given the opportunity to connect with experts in the industry who have mastered their craft and are willing to share their knowledge with us. I found the program to be incredibly useful, as it taught me practical skills that I have been able to apply to my startup. The program helped me find potential investors, which has been crucial for the success of my business.

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Thumbnail of user karimc18
Texas
1 review
1 helpful vote
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April 28th, 2022

Newchip's team of mentors and industry experts provided us with the tools and experience to connect with investors and learn how fundraising works. The curriculum is comprehensive and current. They also made sure that the program was personalized to meet our unique needs as a business.

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Thumbnail of user nedl36
New York
1 review
0 helpful votes
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February 9th, 2023

What I like most about Newchip is that they embrace all kinds of businesses. As a small business owner, I was intimidated at first. But working with Newchip gave me all the knowledge, skills, and ultimately, the confidence I needed to turn my business into something bigger, and more purposeful at that.

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Thumbnail of user janickh3
Texas
1 review
0 helpful votes
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June 4th, 2022

The investment in Newchip was worth every penny. For some reason, they knew exactly what we needed to be successful and efficient. They gave us the resources we lacked and helped find investors for our catering startup. We learned how to frame effective messages, negotiate successfully, and build a network in a limited timeframe.

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Thumbnail of user andrewr1396
Andrew R.

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