Discovery tool, not advice. Every figure is the published rule, not a decision on your case.

Accelerators

Newchip Accelerator - SHUT DOWN

Newchip Accelerator (ASTRALABS)

Status

Closed for now

Will not reopen. The company entered bankruptcy liquidation in May 2023; subsequent litigation concerned the sale of warrants it had taken in founders' companies. Founders should treat any pay-to-play 'accelerator' that charges fees and takes warrants with the same scepticism.

Closed

Amount

Not published

GAVE NOTHING. Newchip was a fee-charging online 'accelerator': founders paid subscription fees (reported in the thousands of dollars) and in many cases granted warrants, in exchange for a virtual programme. It did not invest cash in participants. Listed here as a warning, not an opportunity.

You must co-fund 0%.

Funder

ASTRALABS Inc. (Newchip)

private · national

Deadline: closed — Permanently closed. The operating company ASTRALABS Inc. filed for bankruptcy in 2023 and the case converted to Chapter 7 liquidation in May 2023.

Your odds

Not published

This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.

Effort

quick

Quick — mostly identity and bank details.

Who can apply

Stage: pre_seed, seed

Historic entry only. Do not apply.

Apply on the funder's site

Source. https://www.siliconhillsnews.com/2023/05/13/newchip-enters-into-bankruptcy-liquidation/ — checked 2026-08-14

"Newchip Enters Into Bankruptcy Liquidation"