Mike Baur’s background in finance creates the perfect groundwork for would-be entrepreneurs. He understands all the financial “ins and outs” of starting up a business. He has seen many businesses through the various steps to success. After twenty years in the banking industry he wants to share that financial expertise to help entrepreneurs achieve their dreams.
The Swiss Startup Factory concept was the brainchild of the collaboration between Baur, Max Meister and Oliver Walzer. The men realized that many would-be entrepreneurs were really struggling in launching their dreams. Baur had seen many of these entrepreneurs through his time at UBS and at Clariden Leu as a wealth management expert. The amount of red tape that many of these entrepreneurs would have to go through to get financial help was staggering.
One of the biggest obstacles Baur knew deterred young entrepreneurs was the lack of training. Some also lacked mentors to show them what to avoid when starting a business. Baur was especially drawn to technical entrepreneurs. It was their dreams to create a better world that intrigued him. He decided early on that the startup factory would concentrate on technical startups.
Technical startups would have a better chance for success. Baur set up an independent incubator that entrepreneurs could use to start their business. The incubator would provide the seed money needed to create and test the products commercially. It would also give would-be entrepreneurs opportunities to network with other tech entrepreneurs.
Swiss Startup Factory’s vision is one that now provides any startup with the resources they need to get started. It is important to understand the scope of this vision. It just doesn’t focus on technology, although technology is still pretty much a part of the overall operation. It now performs as an accelerator for would-be entrepreneurs in a variety of industries. The basic premise is to provide entrepreneurs with what they call a 360 degree service.
Education is a key element in the Accelerator process. The 360 degree service provides pre-accelerator services such as coaching and market research. Once the entrepreneur is ready to pursue their dream and have a solid foundation, then there are accelerator programs that test the products attributes and readiness for the market.
Mature businesses that are already in the market can also benefit from the accelerator programs to grow new products and services. The Swiss Startup Factor is creating dreams for the future.