IEEE & Newchip Accelerator Launch Global Partnership to Support Technical Founders

Newchip is thrilled to welcome IEEE Entrepreneurship, the engineering-driven startup community within IEEE, to its global online accelerator ecosystem with the goal of supporting its entrepreneurs to fundraise and scale their startups successfully. “Newchip is an excellent addition to our Powered by IEEE Program.  Their unique accelerator program attracted me, and in turn, the IEEE community,” said Joanne Wong, the 2022 Chair of the IEEE Entrepreneurship Steering Committee.

“At IEEE Entrepreneurship, we look to provide services that entrepreneurs can leverage to grow their startups. With Newchip on board, startups will get that jumpstart they need to exceed theirs and investors’ expectations.”

– Joanne Wong

With over 400,000 members in more than 160 countries, the IEEE is the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity through the impactful contributions of its community. The robust scope of influence that the IEEE drives includes the publishing of approximately 200 transactions, journals, and magazines, over 1,600 global conferences in 96 countries, nearly 1,200 technology standards with 900+ under development, and professional and educational activities across its 39 technical societies and 3,485 university branches in over 100 countries. 

“Newchip has a robust portfolio of offerings that we are excited to extend to  IEEE members through the Powered by IEEE program,” said Thomas Monaco, the IEEE Entrepreneurship Community Project Manager.

“Access mentorship, funding, and networking opportunities are just a few of the many benefits that eligible startups can expect to receive.”

– Thomas Monaco

Eligible members of the IEEE will gain extended access through the Powered by IEEE Program to the vast Newchip Accelerator network of global investors, strategic partners, and mentors as well as all the resources and skills needed to get funded and succeed. 

“The launch of this significant partnership with the IEEE reaffirms our growing commitment to the global startup ecosystem,” said Armando Vera Carvajal, Vice President at the Newchip Accelerator. “Supporting the advancement of technology for the benefit of humanity is at the core of all innovation we help foster at Newchip. Through the IEEE, we now open a major door of opportunity to empower some of the brightest minds and most promising technical professionals worldwide to succeed in fundraising and scaling their startup to the next level of growth and impact.”

Since its inception in 2019, the equity-free Newchip Accelerator has enabled over 1,500 startups from 50+ countries to raise over $450 million in funding. Newchip is an online, global startup accelerator led by a world-class team of entrepreneurs and investors. It was designed to provide founders with the tools needed to rapidly fund, build, and scale. To be eligible for the Powered by IEEE Program, an applicant must be an IEEE member who is CEO, founder, or a senior manager of a startup. Also, the startup must employ a maximum of 50 people.

Armando Vera Carvajal

Armando Vera Carvajal

Armando Vera Carvajal is a Vice President at Newchip, the largest global online accelerator focused on helping startups raise capital from professional investors. As one of the original product founders and pioneers, Armando is passionate about building new products with high potential for global reach and impact. Prior to Newchip, he was as a Research Manager at the Gerson Lehrman Group where he covered hedge fund clients in New York City involved in long/short, distressed credit, special situations, activist, and global macro investment strategies. Armando studied international relations and corporate communications at the University of Texas at Austin, along with global exchanges at the Nanyang Technological University in Singapore and at l’Institut d'études politiques de Paris (Sciences Po). Born in Mexico City, Armando immigrated to the United States of America when he was four years old and grew up in McAllen, Texas. His interests include painting, mountaineering, writing, film, world travel, kayaking, photography, reading, black coffee, running, and inspiring people to become agents of positive global change.

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