Businessman Mike Baur has a serious interest in helping young Swiss entrepreneurs. He feels they are vital to the country’s future economic growth. To help these entrepreneurs develop the necessary business skills and gain access to the resources they need, in 2014 he got together with his friends Max Meister and Oliver Walzer and started Swiss Start Up Factory. A new business incubator, the company offers an intensive three-month program. The program prepares the new business owners to successfully overcome the many challenges their young companies are like to face.
Mike Baur knows what it’s like to have a business dream come true. Ever since he was very young, he always wanted to work in banking and finance. As a teenager he completed MBA programs at Universität Bern and the University of Rochester. Baur accepted an entry level position with UBS and spent the next 20 years working in some of Switzerland’s top financial institutions. That included serving as a wealth manager at Clariden Leu and being elected to the board of a major Swiss bank. Baur wanted other Swiss youngster to experience the success he enjoyed. That moved to found Swiss Startup Factory.
The program at SSF is designed for entrepreneurs that are committed and ambitious enough to do the work and accept the guidance they need to prosper. Swiss Startup Factory gives early stage startups office space, help with financing, accounting, marketing and connections to a network of international entrepreneurs and investors as part of their pre-accelerator services. They also give them pitch training, IT services, help with market research, product development and access to the top international startup ecosystems.
As part of their growth accelerator, SSF customizes the service package they offer each startup to suit their unique needs. They provide them with business development tips, guidance on leadership and management and help hiring the right staff members. The young entrepreneurs are also taught the finer points of networking, bookkeeping, financial consulting, as well as reporting. The staff at SSF also teaches about product optimization, market analysis, cost structure, law and taxes and business administration. Swiss Startup Factory is now the country’s leading private independently-financed new business incubator.
Mike Baur has also worked with the University of St Gallen’s START Summiteer program, CTI Invest, the Goldback Group and Fintech Fusion to ensure as many budding entrepreneurs as possible get the support they need to build successful businesses.