Starting a business is not as easy as having a brilliant idea. The number of businesses that never saw the light of day despite their brilliance are very many, if anything, triple the number of current businesses we have. In order to successfully start up a business, financial resources and good mentorship are two essential things that you need to have. After working in the banking sector for more than twenty years, entrepreneur and businessman, Mike Baur, hung his boots and started the Swiss Startup Factory to help nurture startups.
Swiss Startup Factory is a Swedish accelerator company founded in 2014 by Mike Baur and his two cofounders Max Meister and Oliver Walzer. The primary objective of the company is to provide young startup companies a thriving environment to do business. Swiss Startup Factory runs a three-month based program that provides startups with among other things, funding for their activities, office location at a strategic point in Zurich, coaching, entrepreneurial networks for their commodities, and mentorship. After the vigorous three months incubation period, a startup can support itself, and the Swiss Startup Factory releases it for a certain percent stake.
Mike Baur is quite instrumental in the success line up of Swiss Startup Factory. The businessperson is well educated, having graduated from Bern University and the New York Rochester University. Immediately after graduation, Mike started his career as a banker in the Swiss banking sector with his initial assignment as a commercial USB trainee before rising the ranks to become an administrative board associate. With the active experience in the banking industry, Baur brings valuable financial skills to the table thus helping startups to get funded and manage their resources well.
In addition to Mike’s passion for helping startups grow their business, his exemplary leadership skills are quite beneficial to the firm. Through his leadership, the Swiss Startup Factory has been able to form lasting mergers. For example, Mike helped the Swedish company combine forces with CTI Invest, a company that offers financial services to innovative and new startups. Additionally, through his leadership, the company has been able to join hands with Fusion to support startups in 2016.
Starting businesses are not easy to manage, but thanks to Swiss Startup Factory and the leadership of Mike Baur things are changing for the better. Check out for these two big names and see your startup business excel in the market.