Swiss Start-Up Factory was launched in 2004. It has its headquarters in Zurich, Switzerland. The firm looks for thriving and ambitious entrepreneurs. Once they locate them, they provide them with exciting opportunities. Swiss Start-Up Factory has a strong network in Switzerland and around the globe. They run an accelerator program that runs for three months. During the program, the entrepreneurs receive coaching and mentoring from the Swiss Start-Up Factory team. As part of growing their business, they are given an office space in the heart of Zurich and an entrepreneurial network to enable them accomplishes their targets.
Mike Baur is the Co-Founder and the Managing Partner of Swiss Start-Up Factory. He founded the company to support young entrepreneurs specialize in digital technologies. Mike Baur has extensive experience in the Swiss banking industry. He is a former banker at Clariden and Sallfort. He was responsible for raising funds and financing rounds at the Swiss Start-Up Factory.
In a recent interview, Mike said it was a tough decision to leave his successful banking career that had spun almost 20 years. He stated that the reason he left was that he felt at 40 years old, he could do something else. Mike had the desire to do something different and completely crazy unlike private banking, which he considers very traditional. He also said his entrepreneurial spirit forced him out of the banking industry and pushed him in the direction of starting the Swiss Start-Up Factory.
Mike Baur decided to give his company the word factory at the end for two main reasons. His first reason is that he wants to build up and help create new Swiss companies. He said the first step in manufacturing the new businesses was prototyping and accelerating. Then the next stage was shaping and proving the concept. The other reason Mike gave was that young people have to work harder. He noticed that the young population in Switzerland is a little bit lazy.
Mike distinguishes the Swiss Start-Up Factory from other incubators because they are fully invested, and they are independent. He views Switzerland as the most innovative country in the world but is puzzled that there are few successful Swiss companies. Mike pinpoints a shortage of investment, lack of professionalism, and poor execution of plans as the reason why there exist few successful Swiss companies. He believes that passion and hard work are important factors to becoming successful.