Life for any start-up is tough. This is because young entrepreneurs to move around in a harsh and tough environment. But still, there is an ever-increasing number of Swiss who wish to be an entrepreneur. This is because it helps them to realize their dreams. They are able to create and present products and services that are as per their personal convictions.
But being out there on your own also means a higher risk of making a wrong decision. This is why the Swiss Start Up Factory is supporting such young entrepreneurs to take the right decision. It aims to support them so that they can realize their visions. This is because Mike Baur believes that any young entrepreneur in Switzerland must get access to a professional execution platform. This will help to guide them as they need to move through a business-driven process that will have ambitious milestones.
It was this strong conviction of Mike Baur along with his passion for entrepreneurship that led him to launch the Swiss Start Up Factory. It is like an accelerator that has an approach which is completely business-driven.
The Swiss Start Up Factory was launched in 2015. It is privately financed. This is why their founders have high interest in the growth and development of all their start-ups. All the entrepreneurs here need to undergo a highly ambitious accelerator process that lasts for three months. It is based entirely on the methodology of lean start-ups. It has eight milestones that are clearly defined and helps to reduce the time to market. This is not all. While this acceleration process is on, the entrepreneurs receive funding too. They also receive execution excellence that comes directly from the team at Swiss Start Up Factory team. Hence they get support in various fields that include Strategy, Law, Sales and Marketing. Other areas include Finance and Technology. This means that practically all the avenues required to launch any business tend to get covered up this way.
Another support is their mentorship program. Mike Baur has appointed 30 entrepreneurial exponents who are experts in their respective industries. A platform is provided to integrate the entrepreneurs in an environment with investors along with strategic, external partners. All this is an excellent combination of technical know-how and such other resources. This way the startups are able to get valuable input. It helps to build up a business model on a solid foundation of skill and knowledge. It will help in establishing start-ups in the highly competitive market.