BoomStartup Accelerator

Founded: 2010

BoomStartup offers a virtual accelerator program and venture funding to innovative tech with the primary goal of taking early-stage companies to the next level.


Program Type
Startup Accelerator
Accelerators & Incubators
AppsInformation TechnologyInternetOnlineSoftwareVirtual
6 to 12 months

BoomStartup is a virtual accelerator that focuses on cutting-edge technology with the potential to revolutionize the human experience. The BoomStartup program firmly believes in the power of connection and networking when it comes to growing and scaling a successful startup. The right combination of mentors, investors and expertise is the key driver of startup success. 

BoomStartup, complete with a network of more than 400 mentors and investors, has coached over 170 startups since its inception. The impressive track record includes approximately 70% of graduates receiving funding that has ranged from $500K to $1.5MM. BoomStartup’s graduates have raised more than $55MM in seed capital upon successful completion of the program. 

This accelerator program delivers a customized experience for startups. Upon applying, each startup is evaluated through the lens of 7 different business metrics. Based on their answers, they are assigned a managing director who crafts a custom acceleration plan and guides them through the program from start to finish. Mentors are readily accessible and available for working sessions. The core curriculum takes place over the course of 6 months, with 6 additional months of ongoing mentorship. As participants mature through the multi-layer acceleration plan, they become eligible to receive up to $120K in seed funding, deployed across multiple investments, in exchange for 6-9% equity of the company.

BoomStartup is in search of entrepreneurs who are developing innovative technology ventures with the potential to change lives. The founders must be coachable, determined and able to commit to two hour calls twice a week in addition to ongoing mentorship calls several times a week. 


City / State
Salt Lake CityVirtual
United States

Funding & Benefits

CategoriesType of Funding
$120K for 6-9%
Other Benefits
$500K of in-kind services, such as $100K in AWS credits, Azure or IBM hosting credits, 5 free hours of legal services, discounts on software and tools, and financial services.


Application Status
# of Exits
Total funding raised by startups
$55 million +
Crunchbase Rank
newchip accelerator

“Newchip’s support was a great confidence booster for preparing for investor meetings. Newchip has also helped us fill our calendar with investor meetings!”

- Sloan F.