Since he exited the banking sector in 2014, Mike Baur has been spending much of his time nurturing startups and offering young entrepreneurs the support they need to establish themselves in various businesses. These projects are run through the Swiss Startup Factory, which is catering for the needs of startups through a three-month incubation program that has attracted hundreds of startups within Switzerland.
The Swiss Startup Factory is run and managed by entrepreneurs whose past speaks success and dedication. They impart vital skills and knowledge to the startups to help them handle challenging situations in the competitive market. There is also an opportunity for them to access financing, which makes it easy for the startups to start off on a strong foundation.
Network of mentors and entrepreneurs
During the incubation process, startups are exposed to a network of professionals who have made strides in the business world. The program offers the startups a chance to connect with successful entrepreneurs and mentors who offer vital advice and guidance to the aspiring businesses.
Most established entrepreneurs have had an experience with both the challenges and benefits that come with entrepreneurship, so they are better placed to offer advice to the startups on matters they should consider when venturing into the competitive world of entrepreneurship. This kind of networking is rare to find and only few startups are able to access the benefits.
Before a startup proceeds to implement certain ideas, the Swiss Startup Factory offers market analysis support that helps to reveal the situation in the market and what is likely to happen should the startup proceed with certain measures. This support offers the assurance startups need to help them learn and understand their businesses better in relation to the market.
Branding and optimization
One of the most important aspects of managing a business is branding, which determines the way the venture fares in the long run. Most startups lack the skills and knowledge to execute proper branding, and this is the reason the Swiss Startup Factory offers support in this area.
Mike Baur, Founder the Swiss Startup Factory
Mike Baur has grown up wanting to become a banker and when he joined university, he pursued his dream and got his MBA. He joined the Swiss banking industry and served for nearly 20 years until 2014 when he dropped the career for entrepreneurship. He immediately founded the Swiss Startup Factory to support upcoming talented startups within the country.