Mike Baur is a talented venture capitalist and entrepreneur with a massive experience in the business world. He boasts of at least 10 years working in the banking sector in Switzerland and he has mentored many young investors, who are now renowned entrepreneurs across the country. Mike dropped from the banking sector in 2014 at the age of 39 and decided to spend the rest of his time nurturing ideas and talents. This was followed by the establishment of the Swiss Startup Factory, a foundation that has been taking in start-ups with great ICT ideas.
Steps to success with the accelerator
The accelerator program is driven through three months and is made up of lessons that are focused on specific areas of business that most start-ups overlook. Only the most qualified startups are selected since hundreds of applications are submitted for consideration. In the whole system, only two batches are taken every year (in January and September).
During the three months, the ideas presented are measured, built and learning embarked on. This has been helping the learners to achieve ambitious milestones. Finally, a demo day is slated for the entrants to have direct contact with the market and to further understand the things they have learnt along the way. What follows is the curve-out, where the startup made a legal entity. Additionally, the Swiss Startup Factory offers post-acceleration support for five months.
The growth accelerator program helps startups that are already matured to achieve the goals they have. This process is implemented through identifying the barriers deterring growth and the experts come up with a unique service package that serves specific needs.
At this level, the startup is helped to access financing since most of them are stuck with good ideas but due to lack of funding it becomes difficult to proceed. There is also a business development package that allows the idea to grow into an entity. Moreover, leadership management services are also offered to allow the business grasp the right management practices to survive in the competitive market.
Born in Fribourg, Switzerland, Mike Baur had always wanted to pursue Banking and Finance right from childhood. His dream came true after he joined Rochester University for an MBA as well as an Executive MBA from Bern University. Mike launched the most sought after company in Switzerland, the Swiss Startup Factory, which is offering invaluable support to start-up entrepreneurs. He has invested in the company and most of his time has gone into ensuring proper management of resources so as to create room for more talented individuals.