Many startups are initialized with minimal structures to support growth, something that exposes them to failure. Mike Baur is offering alternative solutions to young entrepreneurs who find themselves in such scenarios. Through the Swiss Startup Factory, which he founded in 2014, he is offering a three months incubation program, where talented startups are able to go through the basic principles that power a business to succeed in the market. The Swiss Startup has so far sponsored over 50 startups and currently stands as the biggest and most successful incubation facility across Switzerland.
Before launching the startup, Mike Baur had served in the private banking sector of the country for nearly 20 years. At the young age of 39 in 2014, he resigned from banking to start his journey in entrepreneurship. So far, everything has been a success and his incubation program has succeeded in supporting many talented startups to become successful businesses. During the three months, the entrepreneurs are taken through rigorous training and incubation to ensure they understand the market and forces that inspire the growth of a small business.
In the current digital world, it can prove challenging to compete if the business does not follow the right digital trends. Before any changes occur in the market, a prudent entrepreneur should prepare and also be in a position to make predictions using data collected from the market. The Swiss Startup Factory allows young entrepreneurs to understand how they can use various types of data to plan their digital strategies well and to position their businesses in the path of growth.
Laws that govern business are a vital resource in its growth and could, on the flipside, affect its growth negatively. Understanding the legal aspect of running a business eliminates the possibility of failure and this is one of the things the Swiss Startup Factory considers vital while incubating startups. All startups are taken through legal education to understand the legal boundaries that must not be crossed and to also get insight into managing legal affairs.
More about Mike Baur
Mike Baur is a successful Switzerland entrepreneur, who was born and raised in Fribourg. When he was a teenager, he dreamt of becoming a good financial expert and this motivated him to pursue finance and banking. He pursued his career in banking for over 15 years and in 2014, he exited the industry to become an entrepreneur. He launched the Swiss Startup Factory in the same year to support young entrepreneurs in the country.