Mike Baur is a co-founding member of Swiss Startup Factory. He started the startup’s company alongside his friend Max Meister. Swiss Startup Factory is meant to help digital entrepreneurs develop their ideas into tangible businesses. The firm accomplishes this goal through a 3-month accelerator program that they run twice every year. Startups entrepreneurs enroll for the program, in which they are taken through training and mentorship on how to market their products and creating a customer base for their products.
Swiss Startup Factory was founded in 2014 to help young startup owners. Through their three-month incubator program, they are able to provide helpful mentorship and training services to the young business owners. The incubator program does not end there like many others out there do. They also fund startup ideas which are promising. After funding, there is only one thing left that is, the implementation of the business ideas.
Mike Baur through the firm provides rent-free offices in Zurich for the implementation of the business ideas. Each participant is assured of 3 months support in laying the foundation of their businesses. Business owners are taught how to market their products to the global market. They are also offered an opportunity to meet successful business owners, especially in the tech industry. By the end of the program, every participant comes out with knowledge on how to source for investors for funding purposes. Every participant also comes out knowing that he or she is equipped with the right knowledge to run a successful business venture. With the education that is offered at the incubator, there is a likelihood that business owners will realize long-term success.
Swiss Startup Factory encourages participants of their incubator program to consider participating in pitching contests. Mike Baur as a big player in the startups business was part of a pitching contest in 2014 as a juror. The competition is dubbed START Summitter. It happens at the Swiss University. In the competition, 30m entrepreneurs are offered an opportunity to present their products or business models plans and models to a panel which then picks the best business ideas. The business ideas need to be worth less than $1 million. The winner of the competition usually attracts substantial investors into his or her idea. The inclusion of Mike Baur in the program has helped the Swiss Startup Factory name grow in the startup’s industry. In the short period that the firm has been in operation, it has mentored numerous young entrepreneurs.