Switzerland is one of the most developed countries in the world. It has a stable economy that rivals most of the world’s superpowers. Switzerland is one of the countries that have the lowest rate of unemployment in the world. There is also another thing that is unique with Switzerland; it is one of the most developed countries in the world in terms of technology. Switzerland has embraced technological developments in a huge way. Almost every sector the country’s economy is run on the basis of technology. What makes the country a global leader in technological developments? The answer to this question is the startup industry. Just like the Silicon Valley in America, Switzerland is a hub of technological innovations.
Mike Baur is the founder of the startup incubator known as Swiss Startup Factory. His goal is to help young entrepreneurs who would like to invest in technology do so with the right knowledge and skills. She is concerned that many startups are failing in the first few years after opening their doors, due to avoidable scenarios. He describes it as lack of knowledge on how to run a business. The business ideas are good but they are not implemented in the right way. He encourages young entrepreneurs to start working on their companies instead of working for the company. There is a huge difference between the two. How one starts his business means a lot in whether the business will grow or it will flop.
Swiss Startup Factory was started by Mike Baur in partnership with one of his collegemate at the Berne University known as Max Meister. Swiss Startup Factory was started in 2014 after Mike Baur left the banking sector. The incubator aims at mentoring and training startups entrepreneurs on what they should do to be guaranteed positive results from their companies. The incubator not only offers mentoring and training services, it goes to another step of financing business ideas which show the great potential of succeeding. Participants of the incubator program are also offered rent-free office space by Mike Baur. The office space is to be used by the startups to start their operations after the program is over.
After the programs, every participant is offered assistance for three months for the business operations to stabilize. Participants are taken through various phases of product marketing on global platforms. In the incubator program participants also get to interact with other experienced tech entrepreneurs with whom they can share the experiences they have undergone through. The program also plays another important role in the lives of the entrepreneurs. They are given an opportunity to learn how they can establish their own financing links by being taught how to attract investors into their businesses.
The services offered through the startup incubator helps businesses have a likelihood of developing into big business and with prospects of having a long-term success. The aim of Mike Baur is to help as many people as possible grow in the business environment. His experience working in the banking sector has been very critical in helping him know the challenges that startup entrepreneurs underdo through. He hopes to use his knowledge and experience to have digital businesses in the country develop.