Mike Baur is a Switzerland entrepreneur and former banker whose passion for entrepreneurship inspired him to start an incubation facility that is helping young entrepreneurs gain vital skills. In 2014, Mike founded the Swiss Startup Factory, a startup incubation center that offers a three months training session after which a startup can face the market with all the necessary skills and experience. Since establishment, the Swiss Startup Factory has incubated more than 20 startups that have emerged as strong businesses few years later.
To make the incubation process a success, Mike Baur has invited professionals from different industries who have experience in entrepreneurship. Startups are allowed to enjoy live interactions with professionals whose careers have been a success for a long time and the company is looking to include more service that will even tap more talent.
Accounting and IT support
At the onset, few startups have the right infrastructure to cater for the accounting and IT needs that face them. Some fail because they don’t have the right skills and knowledge to work in the competitive environment. With the Swiss Startup Factory incubation program, startups are offered IT and accounting support that also directs them on what to do in specific instances. The company works with prolific accountants and IT experts, who take the startups through the whole learning process.
The legal side of business is one of the things you cannot ignore when you want to get results. The Swiss Startup Factory offers legal advice that prepares the startups for the harsh legal environment that exists in the competitive business world. They also help the startups to draft several vital documents that help them to operate in tandem with the requirements of the law.
A startup is not let to wander alone after the three months of incubation because most of the concepts shared may not be as easy to implement. Therefore, the Swiss Startup Factory offers post-accelerator support that allows the startups to have a smooth sail while implementing some of the concepts passed to them during the mentorship stage.
About Mike Baur
Mike Baur is a Switzerland entrepreneur and venture capitalist whose passion for business saw him quit his job as an executive in the banking industry to pursue entrepreneurship. In 2014, he came up with a good idea when he launched the Swiss Startup Factory, an incubation facility that is taking in ideas from different startups and supporting them to traverse the complex road of entrepreneurship.
Read more about his interview on founderstories.com.