Mike Baur has been on the headlines several times highlighting the positive effect he has offered to the world of entrepreneurship. He is the founder of the Swiss Startup Factory, an incubation center where talented startups can nurture ideas and get the needed support to build their portfolios. Mike Baur, through this center, offers a three months incubation program, which covers a number of topics including financing for those who lack the financial muscle to launch their ideas. Most importantly, the Swiss Startup Factory provides room for expert intervention, in which case entrepreneurs are able to interact with industry leaders.
Having such an environment allows startups to come up with even better ideas and to configure their arrangements for growth and success. Many of the entrepreneurs whose ideas were refined through this program are successful individuals running successful businesses in various specialties. The Swiss Startup Factory is an environment that brings together creative individuals and professionals who avail tools needed to speed up the progress of small ideas and later transition into bigger plans. Currently, the Swiss Startup Factory is the biggest incubation facility in Switzerland and its influence has continually been spreading across the country.
Business strategy formulation
Having a good idea is not enough for a business to succeed. There is need to have a strategy that is functional and designed to offer easy management. Most startups fail because they lack the strategy and capability to handle the stress that comes with entering into a new environment and this is one of the things the Swiss Startup Factory is looking to address. Having a clear strategy that points to the future and spells out the growth pattern of the startup makes the implementation process easy.
Post accelerator support
Once the three months incubation period is over, that does not mark the end of support to the startup. The Swiss Startup Factory monitors the progress of the startup for an additional five months to ensure all the ideas shared during incubation are adopted and used to build the business.
About Mike Baur
Mike Baur is a renowned venture capital and the entrepreneur behind the establishment of Swiss Startup Factory. He worked in the banking industry for almost 20 years before he made a decision to exit the industry for entrepreneurship in 2014. He immediately went ahead and founded an incubation facility, the Swiss Startup Factory, which has been offering support to young entrepreneurs pushing for the development of their creative ideas.