There is something special about Switzerland and the people that live there. Switzerland is landlocked, but that hasn’t hinder Swiss creativity or Swiss gross domestic product output. China, Brazil, and Russia have a love affair with the Swiss, but they keep that relationship on the down-low. Switzerland is the most neutral country in the world, but it does business with almost every country in the world. Mike Baur, the former investment banker, is familiar with all those Swiss attributes. He was trained to be a private investment banker, and he was good at for more than 20 years. The Swiss banking system is another incredible Swiss achievement, and Baur learned a lot from that system while he was part of it.
Baur always had plans to start a business in Zurich, and he got the chance in 2014. Mike partnered with two of his business friends, Oliver Walzer and Max Meister, and they started the Swiss Startup Factory. The Swiss Startup Factory has a simple mission. The three-month accelerator program helps new businesses become successful Swiss Businesses. Baur decided to focus on the FinTech startups because he knew a lot about them. The FinTech companies are in the process of changing the banking system, and Baur and his partners want to help them complete that mission.
When a new company decides to enter the three-month program, they are immersed in a rigorous training method that leaves no business stones unturned. The Swiss Startup Factory teaches the new companies how to network properly and how to attract investors. The program also takes them through accounting, operations, human resource and financial procedures, and the Swiss Startup Factory even provides office space and office equipment to get them started. Mike Baur calls the three-month program the best training course in the business community and the results prove he’s right. Several of the companies that completed the Swiss Startup Factory program are turning a profit the first year, and that is considered a huge achievement in the business world.
After two years in business, Mike Baur is happy with the results of his startup program. Baur thinks more companies need what the Swiss Startup Factory offers, and he and his team are always ready to accommodate them.