Newchip is on a great path. Having worked with a established accelerator is DC previously, Newchip is doing a few things differently that I appreciate. 1) Flexibility - One of my startups, ChangeUp, requested to move faster to the fundraising stage, and Newchip accommodated them. 2) Showcasing - with such a massive amount of companies in the accelerator, the showcase events are huge which has its pros for certain types of investors. 4) Focus - having 3 real deliverables, it is fairly easy for startups to stay focused on what they need to do for the accelerator. There are a few areas of improvement that I see in terms of being an accelerator. 1) Networking for Startups - there are huge benefits that startups get from interacting with one another, even spontaneously, from bouncing ideas off of each other to sharing contacts. Finding organic, somewhat formal ways for this to happen would be great. 2) Set Formal Goals - with each startup I work with, I have them write down goals they have for the end of 2020. If they write them down, and consistently see them, the more likely they are to push harder for them. I think outlining goals and stretch goals could be a great way for investors to gage how well startups have used their time in Newchip.
4 years ago
Newchip Accelerator has a
4.6
average rating
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