Founded in 2014 by Mike Baur, the Swiss Startup Factory provides a helpful platform for startups to nurture their ideas into globally competitive businesses. Through support and comprehensive programs run by experts in various industries, entrants to the program have an opportunity to enjoy an incubation period not less than three months, after which they are connected to financial institutions for funding.
Having spent more than 20 years in the Swiss banking industry, Mike Baur understands the situation in the area and how young entrepreneurs are frustrated while trying to implement their ideas, simply because they lack both funding and proper nurturing. He is a venture capitalist, so most of his effort has been directed at financing and managing the Swiss Startup Factory.
The pre-accelerator program
Swiss Startup Factory is enthusiastic about tapping the extraordinary talent that is available in Switzerland. This has been made possible through several programs like the pre-accelerator that seeks to capture those with unique ideas and help them implement them.
This package entails coaching handled professionally, market research to unveil some of the openings the person can tap into, product development and pitch trainings. Startups are also given access to top startup ecosystems and once the whole training is complete, there is a group that is tasked with offering legal advice and financial support.
Each company needs digital transformation to fit into the competitive modern market. Most people understand little about this or are not willing to drop status quo, but with the Swiss Startup Factory, everyone is taught how technology could help spur productivity and inject more power to a business. The advice issued is based on the specific potential a company proves to have. The digital transformation process is handled by experts, who guide through the whole process by coming up with digital products, services and business models.
The Association and member benefits
Swiss Startup Factory also runs an association that is committed to developing a founder-friendly environment within Switzerland. The program promotes high-level innovation and young entrepreneurship mentality. Members access various benefits that are exclusive and unique. For instance, members are able to access the innovation pool, which is made up of industry experts. There are also events held by the company and those who subscribe to the association enjoy free access.
Mike Baur is the founder and CEO of the company. He has invested most of his time and money into the Swiss Startup Factory to make it a reality. Many young entrepreneurs are benefitting from the program.