When a former Swiss investment banker and his two partners decided to create a stronger startup environment in Switzerland in 2014, one wonders if the envisioned the level of success that they have achieved. The Swiss Startup Factory is the product of Mike Baur’s desire to bring the excitement, innovation, and passion of the technology world to the forefront of the Swiss business world. Baur has also formed the Swiss Startup Association where he is currently a Director. The Startup Factory has been quite impactful on the overall tech scene in Switzerland, and it continues to grow in its reach each year.
The program is for three months and is available to early-stage startups that are selected through a rigorous application process. The projects that are invited to join the accelerator receive many benefits. The Swiss Startup Factory is there to help these early-stage projects to reach a stronger and more sustainable point in their growth trajectory. By providing funds and support at the early stage, the accelerator can help many projects avoid failure. It is at this early stage that many projects flounder and face confusion and a lack of direction during this time.
The projects that are selected for the accelerator receive everything from office space and admin services to capital raises and funding. Perhaps the most useful of all the support that they receive during the three-month program is the introduction to potential capital partners as well as a very strong and vast entrepreneurial network. It is through this network that the projects can receive on-going support and direction long after they have left the Swiss Startup Factory. The program thus far has been quite successful and its structure continues to evolve as the needs of the project leaders change.
Mike Baur continues to feel great enthusiasm about the startup culture as a whole, and specifically how he can change that landscape within the Swiss business environment. Baur has studied abroad and in Switzerland for his graduate education. He holds an MBA from the University of Rochester, which is located in the state of New York in the United States. He also has an Executive MBA from the University of Berne. He continues to explore how the startup culture of Switzerland can grow and adapt in order to further encourage great innovation within the country. The Swiss Startup Factory has accomplished a lot in its first three years.