The Swiss Startup Factory (SSUF) is a Zurich based company looking to support thriving entrepreneurs in the digital technology field. Swiss Startup Factory has an accelerator program that runs for three months, twice every year in support of this goal. The startup was started in 2014 by Mike Baur and two of his partners. The accelerator program offers participants a one-on-one business interaction with experts in the business sector. The main role of the program is to advise entrepreneurs in the areas of financing and business management in general. In addition, they offer office space to the entrepreneurs as well as providing them with a connection to the corporate sector. The accelerator program runs from February for the first batch and September for the second batch of entrepreneurial trainees.
The role of Swiss Startup Factory is to help the start-ups at their early stages of development. Through their accelerator program, the company strikes partnership deals with other accelerator programs, universities, and corporate business organizations to enable the idea of mentorship flow efficiently. All these partners come in to provide some input to the program either through a combined effort or by providing financial or educational assistance to the nascent entrepreneurs.
Mike Baur decision to join entrepreneurship has been a great idea in the history of Switzerland. His noble idea came at a time when the world is trying to revolutionize its efforts towards economic stability, especially among the young generation. The idea of supporting startups in the field of digital technology comes at a time when it is adversely needed by the youth. Technology startups are the way to future business engagements. Technology is literally taking over the world. Lucky are those that will have invested in the industry because theirs can only be success after success. The limit to their achievements is only the sky.
Mike Baur has applied his knowledge on matters of finance to help the startups not only raise funds for their operations but also help them manage the finances. It may be useless to teach someone all the aspects of business management and fail to stress on the financial topic. It is one issue that will bring a start-up to its knees faster that one can ever imagine. Without finances, the business cannot stand. Therefore the role Mike Baur plays cannot be ignored for any entrepreneur who wants to run a successful company. Mike Baur reckons that investing in startups is the only way to keep economic growth on track. He recommends that growing economies need to recognize this as an area that needs focus and can play a major role in boosting economic growth.