Recently, Mike Baur responded to various questions on Swiss Startup Factory. In the interview, he talked about his experiences as an entrepreneur. The discussion also highlighted on entrepreneurship awareness and ecosystem.
According to the entrepreneur, the ‘Factor’ in the company’s name is the concept of manufacturing Swiss companies. The company achieves this objective by guiding startups and building them from scratch. Like factories, starting a new business involves hard work and work ethics. The investor helps future entrepreneurs by coaching and mentoring them. This process is straightforward and does not involve politics.
Mike Baur was a financial expert in the Swiss banking Industry. His work saw him interact with many future entrepreneurs and provided him with the opportunity to learn the challenges that they face in their day-to-day operations. In his efforts to help Swiss startups succeed, he quit his job and collaborated with two other like-minded entrepreneurs to found Swiss Start Factory. Through Baur’s visionary leadership, the company quickly established itself as a top accelerator company in the country. The corporation provides its services to digital entrepreneurs. Baur asserted that there are many similarities between traditional banking and incubation. He said that the main difference between the two is that incubators have both the co-founders and their money in the game.
Swiss Start Factory encourages more investors to enter the ecosystem industry. There is ready cash to be invested in such companies across the globe. This way, entrepreneurs can start to see their ideas grow to profitable levels. Although many people believe that entrepreneurship can be taught in school, Baur contends that such courses only create awareness among the students. He argues that guidance and mentorship helps to create the right mindset among entrepreneurs.
Swiss Startup Factory provides young entrepreneurs with essential coaching, office spaces, and any additional services to start their business ventures. The startups are enrolled through a three-month program that is aimed at growing their businesses and finding the right investors to fund them. The program is open to every Swiss entrepreneur. The application is made online. Mike encourages more young people to join the program considering that they can win the esteemed Worldwebforum Coolest Startup Award.
About Mike Baur
Mike Baur is a Swiss entrepreneur and businessperson. He has vast experience in the banking industry. As a financial expert, he worked for UBS and Clariden Leu. Baur co-founded Swiss Startup Factory in 2014. The other co-founders of the company are Max Meister and Oliver Walzer. Over the years, the corporation has collaborated with CTI Invest, Fintech Fusion, and Goldbach Group to undertake different initiatives.