Today, start-up owners in Switzerland will tell you that it’s hard to convince investors to bet on them and fund them. For this reason, even the most promising start-ups are crushing and are hitting rock bottoms. It’s true that early stage start-ups are hard to wager on, mostly because they are tenuous and have an uncertain future. Most investors prefer putting their money on investments that have been tested and have cast-iron certainty. For a long time, Swiss start-ups owners have been watching powerlessly as their businesses crumble for lack of mentorship, seed capital and someone to guide them. However, that changed when Mike Baur started the Swiss start-up factory.
For three years, Swiss start-up factory has been supportive of ICT-based start-ups in Switzerland. The ICT accelerator has been providing financial and mentorship help to Swiss start-ups. What’s the drive behind Swiss start-up factory? The team that started it had a dream and ambition to propel start-ups that were distinctive and had the capability of changing the world. Mike wanted to support start-ups that promised to shake conventional norms, products, and business models to become global companies. Undeniably, Mike understood the challenges that most start-up owners face when coming up with what he has now become a haven for Swiss start-ups.
Swiss start-up factory is a one of a kind accelerator; the team behind it has rich resumes and vast knowledge and experience that come in handy during mentorship programs. What’s more, the team is brilliant and has unique capabilities of pinpointing exceptional start-ups even in their idea stage. Once a start-up qualifies to join Swiss start-ups factory, they are taken through a three months program. Throughout the three months, the start-ups are provided with seed capital, office space, coaching and also enormous entrepreneurial and investors network.
We all know how banks tend to stiffen their lending policies when it comes to start-ups, right? Well, Mike was once a banker and even those policies didn’t change his willpower and ambition to support upcoming start-ups. Mike has worked for almost 20 years in Swiss private banking and propelled to be an executive board member in one of the Swiss private banks. He is known for his fortitude and unwavering will to change the world. Mike believes that the youths have the power to modify the world. For this reason, he has invested a lot of time and money in youth mentorship and entrepreneurship. Without question, with people like Mike Baur, the future of Swiss start-ups is now brighter than ever.