Just after he resigned from banking, where he had worked for almost 20 years, Mike Baur founded an incubation facility called the Swiss Startup Factory, which has been working with young entrepreneurs across Switzerland. When he launched the facility, he did not anticipate its growth to be so quick, but few months into its launch hundreds of talented startups had already applied to join the incubation program. Run across three months, the incubation program that the Swiss Startup Factory manages has ranked as the most reliable across the country and the best solution for upcoming entrepreneurs with good ideas.
Whenever a startup joins the system, it is taken through a number of things that affect the performance of a business. They are equipped with skills and tools that can protect them from any form of aggression in the market and this allows the startups to progressively grow towards the attainment of success.
A network of investors and entrepreneurs
Joining the Swiss Startup Factory translates to joining a developed network of entrepreneurs and startups in the industry. The facility has been inviting successful entrepreneurs and investors, who share insight that is vital to the growth of the startups.
IT and accounting support
Despite having superior ideas, many startups fail because they forget to pay attention to the tiniest details like streamlining their IT and accounting systems. The digital market is rough and only those with the right tools are able to manage the disruption that occurs from time to time. Startups need to understand how to keep track of their finances and how to use digital trends to push for growth and to steer performance.
Lack of money to kick start the journey of a startup should not bar progress. There are many honest and able entrepreneurs, who can chip in to offer the needed financial support for the startup to implement its ideas. This is something the Swiss Startup Factory considers a vital part of the development of a startup. They have a wide pool of investors and successful entrepreneurs, who are always prepared to support any startup they feel has the potential to stir growth.
Another benefit startups enjoy when they join the Swiss Startup Factory is the post-accelerator support. Once the incubation period is over, the startup is allowed to implement the ideas that were shared during the incubation period. For five months since the startups begins operating, it is given support and monitored to ensure nothing goes wrong.