MechDirect, a Nigerian on-demand auto repair service has been accepted into the Newchip Accelerator Pre-Seed cohort for July 2019.
MechDirect is an on-demand auto repair service app that has brought revolution to the automotive industry in Nigeria. The auto repair service enables vehicle owners/driver to use MechDirect app to request a mechanic or a towing van.
“The entrepreneur community that Newchip serves has expanded at an astonishing rate,” said Ryan Rafols, CEO of Newchip. “At the core of this growth is our Pre-Seed Accelerator program, which is helping entrepreneurs who have already validated their startup idea with a clear target market and a developed prototype to optimize their business into one that is scalable, efficient, and ready for pre-seed investment by friends, family, Angels, and crowd investors.”
Newchip launched its inaugural online accelerator program back in April 2019 with the mission of preparing its participants to launch, scale, and fund their startups. Founders in the inaugural cohort graduated at the end of June 2019 in Newchip’s Investor Startup Showcase, a multi-day, online event for participating startups in the Accelerator program to pitch their companies to prospective investors around the world.
“The pool of candidates for the Newchip Pre-Seed Accelerator has become so much more competitive over the past months. As companies from our initial cohorts finish the Pre-Seed program and go off to scale their business to the next level, we’re left with a legacy of genuine commitment to helping entrepreneurs as well as a growing community of alumni around the world,” said Joshua Lawton, Accelerator Director of Newchip.
“We created the Pre-Seed Accelerator program as a valuable avenue through which startups, anywhere in the world, can take their early-stage business to the next level in order to raise capital – and it’s working!”
