Mike Baur is the brain behind the formation of the Swiss Startup Factory, a company that is turning dreams into a reality. The company has been offering support to talented startups through an incubation program that imparts vital knowledge and skills to the candidates selected.
This is an idea that Mike Baur introduced in 2014 and to date has grown into the biggest private ICT startup incubation agency in Switzerland. The program is run through several stages over three months, each with a distinct lesson for the candidates.
Coaching and market research
It can be understood that many startup entrepreneurs have ripe ideas, but during the implementation process they make mistakes that could be avoided if they had sufficient training. This is one of the issues the Swiss Startup Factory is looking to address to ensure startups get vital coaching that would allow them understand the challenges prevalent in the market and potential opportunities they can explore for their benefit.
The research work is handed over to professionals with many years of experience, who in turn come up with a comprehensive review of the system and advice on vital issues that should be addressed to maintain the profitability of the business.
Access to finance
After the incubation process, the startup needs financing, which in most cases is not available on the end of the candidates. Therefore, the Swiss Startup Factory offers the startups a platform on which they can connect with other parties interested in investing in their ideas. The company invites a network of investors in different industries and encourages them to invest in the ideas.
Career and Life of Mike Baur
Mike Baur is popular in the business world in Switzerland, mainly due to his contribution in ensuring talented startups are given a platform to showcase and nurture their ideas. Mike Baur holds an MBA and an Executive MBA from Rochester and Bern Universities respectively.
In 2014, his move to drop his career in banking and enter into business came as a new dawn. He launched the Swiss Startup Factory, which is supporting young entrepreneurs to nurture their ideas into strong businesses. He supports the company both financially and through mentorship to the aspiring entrepreneurs.