Fueling a startup to maturity is one of the most demanding steps in the management of a business and this is something Mike Baur has explored quite well. One of the ideas he came up with to help young professionals with great ideas succeed in business is to launch the Swiss Startup Factory, which is working to fuel startups within Switzerland.
The Swiss Startup Factory offers an incubation program that ensures startups with the potential to succeed are given the support required to become strong enough to stand on their own. Intercepted in 2014, the Swiss Startup Factory has in the short period supported more than 10 digital businesses and is calling for more applications.
The Swiss Startup Factory analyzer picks the idea one has presented and reviews its strengths and weaknesses and any possible changes that can be made to make it better. This task is handled by a team of professionals who have a clear picture about the business worked and probably have special skills at reviewing businesses. Once the valuation and due diligence is complete, one is given advice that can help the idea to flourish in later stages.
Business model challenge
Before the business model is approved for full incubation, the Swiss Startup Factory experts first challenge it and seek to know whether you are prepared to handle challenges along the way. They offer a challenge that measures the capacity of the model to work in the digital world and still maintain its relevance despite challenges.
Once the idea is approved, the next level is to have it transformed to be aligned well in line with the needs of the industry. This ensures at the onset most of the challenges that kill young businesses are eliminated and what is left is the application of effort to market the business and create contacts, which the Swiss Startup Factory also helps startups to achieve.
Mike Baur is a venture capitalist with interest in digital-based businesses. To fulfill his zeal, he founded the Swiss Startup Factory, which has been offering support to startups within Switzerland. Mike Baur is a trained banker and until 2014, he worked in the private banking industry of Switzerland. When he retired this position he was 39 years old and he went straight into business. His first idea was the launch of the Swiss Startup Factory, a successful venture capital that has been operational since 2014.