Businesses based in various specialties experience challenges especially in the initial stages of establishment. A startup needs a lot of support from professionals who understand how to nurture an idea and someone who is skilled enough to overcome the many market forces that bar a business from progressing seamlessly. To allow startups in Switzerland to grow well, Mike Baur launched a facility that offers creative entrepreneurs a space where they can build their ideas with support from experienced individuals.
Mike Baur, having exited banking in 2014, launched the Swiss Startup Factory. Through this facility, many people have been getting massive support to steer their businesses and to manage their startups. His target was to help talented startups to achieve their dreams and this seems to have worked out quite well.
As many as 100 startups have benefitted from the incubation program that runs across three months. Mike Baur also celebrates the fact that the Swiss Startup Factory is currently the biggest incubation facility in the entire country. Impacting the lives of many entrepreneurs and bringing to the market revolutionary products is a dream that has come true within less than five years.
Legal and accounting support
Apart from having a perfect idea that is aligned towards growing and offering great returns, entrepreneurs have to also understand about legal and accounting requirements that they should fulfill to avoid getting into issues later while running the business. To make this process easy, Mike Baur approached several universities in the country and was offered a deal to partner with them. These partnerships availed resources and the tools needed to lead the businesses and to help manage the ideas that were presented by the entrepreneurs. Accounting and legal support has helped the startups to enter the market fully prepared.
Another problem many startups suffer is lack of funds to push for the development of the idea. The Swiss Startup Factory offers an opportunity to startups to get finding from successful investors, who can also offer advice regarding the management of the idea.
About Mike Baur
Mike Baur, born and raised in Fribourg, Switzerland, is a renowned entrepreneur in the country. He is the brain behind the creation of the Swiss Startup Factory, which is a facility devoted to offering upcoming entrepreneurs an avenue through which they can manage their ideas. He quit his job as a bank executive to join entrepreneurship and this seems like the best decision he ever made.