The Swiss Startup Factory, which began operations in 2014, is a startup incubation program that has gained traction in Switzerland for offering a perfect platform on which startups can launch their ideas. Founded by Mike Baur, the Swiss Startup Factory has worked to make dreams a reality and more young investors are joining the platform to benefit from the incubation program that takes at least three months.
The application to join the platform is not restrictive as the kind of idea one presents is what will determine eligibility to be signed up for incubation. The Swiss Startup Factory works with leading industry professionals to support upcoming ventures and to oversee the implementation of the ideas after incubation.
Without a definite path a business is destined for failure and this is something the Swiss Startup Factory does not want their students to go through. They have a program that takes the startups through the goal definition process to ensure each understands what they are working to achieve at the end.
With a team of digital experts, the Swiss Startup Factory uses data and digitization processes to help startups come up with sensible goals that are meant to elevate the businesses to a higher rank within a definite duration of time.
Startups are regarded naïve and should be educated about the business world and the reality they are likely to come across along the way. This explains the reason the Swiss Startup Factory offers a demo day, which is reserved for presentations that take the startups to experience the real-world situation. This allows them to learn about the challenges that exist in the market and gives them ideas about what is likely to bar them from achieving their set goals. It basically prepares the startup for take-off.
After the three months incubation is over, the Swiss Startup Factory offers past-acceleration support for at least five months. This is meant to oversee the activities of the business to ensure no mistakes are committed along the way.
About founder, Mike Baur
Mike Baur, the founder of Swiss Startup Factory, is a professional banker with almost 20 years in the private banking industry. He is a passionate venture capitalist and his zeal for helping upcoming businesses pushed him to launch the Swiss Startup Factory. Mike pursued an Executive MBA at the Bern University and he retired from baking in 2014 at only 39 years of age.