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  2. $20,000 per company

    The cost to run each cohort equity-free for mentors and advisors is $20,000 per company and we offer a limited number of 100% full sponsorships to the top applicants.
    www.indiehackers.com/post/thoughts-on-accelerators-especially-newchip-ef25734eaa
    www.indiehackers.com/post/thoughts-on-accelerators-especially-newchip-ef257…
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  3. People also ask
    What is the newchip accelerator discount?That discount is normally reserved for taking a risk associated with investing cash early, but in this case, was given as an incentive for Newchip to offer their accelerator program below the cost to run the program.
    What is newchip accelerator?Since its inception in 2019, the equity-free, remote accelerator has enabled over 1,500 startups from 50+ countries to raise over US$450 million in funding. Newchip’s programs aim to provide its promising founders and entrepreneurs with all the resources and skills needed to get funded and succeed.
    Why is the newchip accelerator a remote program?They wanted to make the venture ecosystem previously limited to founders and investors in top startup cities like San Francisco and New York more accessible. Because of this, the Newchip Accelerator was designed as a remote program since its inception.
    Why is the newchip accelerator doubling its enrollment in 2021?This new remote landscape culminated in a record $125B in capital deployed globally in Q1 of 2021, a new all-time high. This increase in demand for remote programs led to the Newchip Accelerator tripling its growth in 2020, with over 1,000+ startups across 35+ countries joining. The Newchip Accelerator’s enrollment is expected to double in 2021. 1.
     
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