Mike Baur is a Swiss entrepreneur who previously worked as a banker in the private banking industry of Switzerland. He is the brain behind the formation of the Swiss Startup Factory, which has been giving support to talented IT startups within Switzerland. Through the Swiss Startup Factory, Mike Baur has supported many young entrepreneurs, who finally made their dreams a reality by getting the needed support to launch their ideas. To offer the young entrepreneurs a chance to progress, the company offers a three-month incubation program that allows them to access all the support they need to kick start their ideas.
In the absence of a clear strategy, a business cannot manage the vagaries that come about while running the business. Young entrepreneurs often lack the needed experience to mitigate some of the challenges that are presented while running the business. To overcome these problems, there is need to come up with a strategy that spells out what course of actions to take in the event the business suffers one of the problems that kill startups. The Swiss Startup Factory offers the entrepreneurs a chance to learn about the industry and to draft business strategies that are considerate of the challenges that threaten the progress of a young business.
Mentorship from experienced professionals
Most importantly, the Swiss Startup Factory allows the entrepreneurs to meet with highly experienced professionals, who own and run big businesses in different industries. The interactions they hold with these professionals support them to understand about the market and in the event they feel stuck, they have people who are capable to consult. This mentorship program equips the entrepreneurs well to face the complexities of the market.
Additionally, entrepreneurs can also get funding from the investors, who are people with many years working on the development of businesses. Once the program is over after the three months, the Swiss Startup Factory offers the entrepreneurs a post accelerator support for five months to monitor their progress.
More about Mike Baur
Born and raised in Fribourg, Switzerland, Mike Baur is a successful entrepreneur who worked in the Swiss private banking industry for almost 20 years before he resigned to venture into entrepreneurship. At the age of 39, he moved from banking to entrepreneurship and this action saw him launch the Swiss Startup Factory, a company that has been offering startups the needed support to grow to become successful businesses.