Starting out a business can be tough. Luckily, there is support out there for Swiss entrepreneurs. Many Swiss individuals decide to start their own business because it gives them the opportunity to utilize their strengths and follow their passions.
With freedom comes responsibility, and many beginning entrepreneurs, unfortunately, make poor business decisions due to their inexperience. The Swiss Startup Factory is there to help beginning entrepreneurs get their business started on the right foot.
Swiss Start-Up Factory’s, Mike Baur, Max Meister and Oliver Walzer created this organization in 2014. They are very passionate about business and training new entrepreneurs to make good decisions.
The Start Up Factory features a three-month accelerated program for accepted applicants. The application process is rigorous, but it prepares entrepreneurs for what it is like to run a business.
The Start Up Factory accepts applications throughout the year. They do not look for businesses that are driven by money. Instead, they look for businesses that are driven by challenges. They are always on the lookout for potential entrepreneurs. The type of people that are sought upon are ones that are willing to take ownership of their business.
There is a lot of knowledge and know-how that is passed onto beginning business owners and business owners in residence. Entrepreneurs in residence sometimes are lost in terms of what type of direction they would like their business to go in. Beginning and somewhat experienced entrepreneurs have a lot to gain when enrolled in the accelerated program. They gain ideas and learn new things about different business models and have the opportunity to make decisions on which ones they will utilize for their startup.
This organization is always interested in gaining new business ideas and projects. They love to discover projects that have high potential. Throughout the year, several events are held. In these events, entrepreneurs share their ideas and experiences with experienced entrepreneurs. In turn, the experienced individuals provide the novices with feedback and suggestions.
Mike Baur is one of the main founders of this organization. Prior to founding it, he spent 20 years in the private banking industry. He is also responsible for the fundraising and financing rounds within the Factory.