Mike Baur has masterfully used his passion, leadership and business skills to create Switzerland’s number one accelerator program. Mike co-founded Swiss Startup Factory in 2015 with his business partner Max Meister. Their combined professional skill sets and inherent knowledge has helped to strengthen the startup industry.
Swiss Startup Factory has created an opportunity for entrepreneurs to receive mentoring, investors, office space, and specific guidance through all phases of implementing a startup company. The business ventures are widespread and require dedicated investors that understand the unique startup process.
Mike and his business partner recognized that there was an opportunity in Switzerland to bring a company to the marketplace that aligned with both of their passions to help entrepreneurs. They chose the opportunity to use their expertise to help those entrepreneurs build startups. Today, Swiss Startup Factory evaluates at least 1,000 entrepreneur projects each year. The company approves a select number of batches to participate in a 10-week accelerator program.
Through an inspired approach to helping entrepreneurs reach their business goal, the 360-degree innovative service results in entrepreneurs being able to unleash their true business potential. In some cases, it would not be possible without the program. Typically, the company helps startups that are web-based and ICT companies, which requires a thorough understanding of digital technology.
Mike has an extensive background in banking. He noticed at firsthand that there were many obstacles and struggles entrpreneurs were facing with trying to implement their startup. Mike was highly involved in investment counseling and portfolio management. Mike decided to align with key business executives to understand the valuable insights that were needed in order to take on the entire scope of entrepreneurial expansion and growth. He became a formidable advocate for entrepreneurs and decided to merge with Max to form Swiss Startup Factory. From the beginning, the goal was to be an asset to entrepreneurs.
With Mike’s full awareness of traditional banking, it’s been important to maintain self-funding for Swiss Startup Factory. Mike and his co-founding business partner chose to forfeit their salaries within the first two years of founding the company. When they spearheaded the accelerator program, they wholeheartedly believed in the process. Although there were many challenges, Mike’s leadership and foresight enabled the company to continually move forward. Swiss Startup Factory is operated with the utmost integrity, and the company is considered as a pillar of innovation for the startup industry in Switzerland and worldwide.