A journey of a thousand mile begins with a single step. So does business. The World’s biggest corporations started as an idea, went through the inception stage, growth stage and became what they are today. The process is thorough and takes time but with the right people behind an idea, the time it takes to bloom is cut by a reasonable period. Mike Baur is an entrepreneur based in Switzerland and seeks to help startup businesses grow to revenue generating companies. To achieve this goal, he founded Swiss Startup Factory that takes ideas and turns them to an institution through mentoring, support, and tutoring.
Mike Baur has an experience of over 32 years in the banking industry. He has worked for UBS and Clariden Leu after which, he quit and pursued his business. Before the founding of Swiss Startup Factory, Mike Baur held the role of a Jury in START Summiteer, a contest that brought aspiring entrepreneurs together to showcase their startup ideas. The Summiteer took place at the University of St Gallen.
In the same year, he led the company through an accelerator program with Goldbach Group. Additionally, in February 2016, he formed a partnership with Fintech Fusion. Mike Baur has featured in the Wall Street Journal where his career from Swiss banking to startup investments got profiled.
The Development of Swiss Startup Factory sought to provide aspiring businesspeople in Switzerland with a top professional execution platform. The institution guides these individuals through a business creation process that sees them through to maturity. Through Swiss Startup Factory, Investors gets access to robust portfolio startups that are well vetted. They also get a platform to accelerate their ideas based on the type of the businesses. Beginners requiring the services of this organization gets access to finance, investors and mentorship network. They also get a three-month accelerator program and a customized service package. Individuals with just ideas get provided with a platform where they can accelerate them through talented people.
According to Mike Baur, Ideas are only as good as the people behind them. It is, therefore, important to have a team that dedicates itself to the development of the startup. Additionally, he says that persistent and hard work is paramount to the success of business. It takes a lot of energy and breaks to rebuild are as important.