Mike Baur, since 2014, has been working with startups in the IT industry by offering them the needed support to advance to achieve their potential. His initiative that is fueled through the Swiss Startup Factory has helped many startups that held great potential to manifest themselves in the right manner. He launched the Swiss Startup Factory in 2014 and has been working through a three months incubation program that allows selected startups to enjoy mentorship and funding that is meant to usher them into the complex world of business.
He quit being a banker to venture into business and entrepreneurship and it seems his ideas have worked in favor of his expectations. The success Mike Baur has earned all along is as a result of the great support he has received from other successful professionals in the industry.
Although many entrepreneurs come with smart ideas, they lack special skills that can help them to develop their ideas into sustainable businesses. Many of those who fail to get the support of experts fail just few months into inception. These are some of the things the Swiss Startup Factory is working to eliminate by availing experts to support the young entrepreneurs through advice and guidance. To enhance the effectiveness of the program, the Swiss Startup Factory has also partnered with universities across the country to ensure there is sufficient supply of the needed materials. The business development support is handled in the accelerator phase of the incubation program.
Access to funding
Once the idea is verified to be unique and capable of expanding to offer great results, those who lack the funds to push the business to the next level are presented before investors, who also happen to be professionals capable of offering advice about the management of the business. The entrepreneur pitches and if the idea is selected, they are offered funding to run the business through its inception. The Swiss Startup Factory is availing many tools and openings for young entrepreneurs to make their ideas a reality.
Post accelerator support
The post accelerator support is offered after the three months incubation period elapses. This is necessary to ensure all the ideas that were shared during the incubation phase are included in the running of the company. Additionally, the entrepreneur may not be in a position to implement a perfect strategy, so professional support is needed to correct some mistakes before they escalate to disaster.