Mike Baur, a former Swiss private banker, is an entrepreneur and venture capitalist whose effort has seen several startups mature into successful businesses. He quit banking in 2014 at the age of 39 and went into entrepreneurship. During the same year, he founded the Swiss Startup Factory, which has been offering a three months incubation program to startups across the country. Through the Swiss Startup Factory, Mike Baur has impacted hundreds of startups in the short period the facility has been operational. It is currently the biggest incubation facility in Switzerland and its influence has continually been rising
Leadership and management
Management and leadership are vital elements that any startup should have to succeed. In the absence of proper leadership, the company will not be in the best position to strategize for the future and to come up with solutions to deal with the challenges that come with time. The Swiss Startup Factory has been offering mentorship classes and sessions where the entrepreneurs are taken through a number of classes to learn about leadership and management. With these skills, they are able to plan better and to make decisions that impact the business positively. This incubation also allows the entrepreneurs to plan well whenever challenges appear.
Another aspect of the three months incubation program that supports startups is the business development classes. The Swiss Startup Factory takes all entrepreneurs through a number of classes that allow them to get business development skills and ideas that are aligned towards enhancing the way they manage their business. The company invites professionals and experts from various parts of the country, who impart vital skills and ideas to the entrepreneurs. Swiss Startup Factory has also partnered with leading universities to provide better access to learning resources and support.
When the startup is through with the incubation process, the next step is to look for good investors, who can support the young business to achieve its goals. The Swiss Startup Factory offers a wide pool of investors, who are successful individuals in the business, for support to the young business financially. Therefore, once the idea graduates after the three months incubation, an investor comes in to offer the needed financial assistance to push the idea to fruition. Most importantly, there is a post-accelerator support package that lasts five months, whose relevance is to support the startup to ensure it follows all the guidelines shared during incubation.