How Mike Baur is re-shaping start-up funding with Swiss Start-up Factory
After working in the banking sector for more than 20 years, Mike Baur, a renowned Swiss businessman, and entrepreneur called it a day and set up the Swiss Startup Factory in 2014.With his co-founders Max Meister and Oliver Walzer, their focus is funding business ideas that would generate into successful business ventures.
The Swiss Start-Up Factory is a Zurich-based business facilitator on the look- out for fast growing and promising digital entrepreneurs. Using a network around Switzerland and the globe, the capital venture offers opportunities and a platform for coaching, mentoring and office space to help start-ups grow feet to crawl and eventually walk on their own.
His first venture, Think Reloaded, a strategic advisory outfit providing strategic and advisory services particularly to wealthy families and high-end individuals. Over the years he has cemented his role as a consultant in the financial sector and making an imprint as a go-to person in management. A holder of an MBA from the University of Rochester New York, Mike has been featured in the Wall Street Journal.
Mike Baur observes that the Swiss Start-up Factory is meant to be a boot camp for start ups as opposed to a platform in which they are only provided with coaching modules. Mike Baur says that working with people at a personal level gives him the opportunity to understand them better and help teams deliver even more. He endeavors to do this by responding to his emails early in the morning so that he has time for personal meetings with various teams at the Startup Factory.
Over the last two and a half years, the Swiss Startup Factory has overseen the execution of 3 accelerator batches in which 18 start-ups have been incubated. With a great sense in scouting and analyzing start-ups with great potentials, the SSUF has been instrumental in driving change and offering a different angle to startup funding in Switzerland.
The recent announcement of the creation of the Swiss Start-up Group(SSUG), which will now act as the mother company of the Swiss Start-up Factory is seen as a bold step to consolidate all activities and widen the scope of the organization.
Start- up funding through venture capital and other partnership models has become an important part of growth for organizations finding their spaces especially in the digital platform. However, without proper guidance, mentorship, and scrutiny, many of them still make gross mistakes leading to their fast fading out of the scene.
Mike Baur and his partners and the Swiss Start-up Factory are injecting game-changing strategies in funding and mentoring start-ups.