Starting up an ICT company is not easy. There are so many companies in the industry which greatly reduces the survival rates of new companies. Additionally, one has to build a comprehensive portfolio before they can even get the clients to look at them. It gets worse that most of the ICT guys only know stuff to do with ICT. However, running a company requires other roles such as finance, accounting, taxation, payroll and sales among others. Most of the new companies also have limited resources making it hard to hire staff with other skills or outsource for that matter.
Swiss Startup factory understands all these problems and thus is ready to mould entrepreneurs at the inception stage of their ICT businesses. Swiss Startup factory was established in 2014 and is based in Zurich, Switzerland. They offer a three month accelerator program under which entrepreneurs receive financial and accounting advice, management training and coaching and also a chance to interact and work with renown entrepreneurs in the ICT sector. They also offer a 360° startup service where the startups are offered all services including office space to enable them run effectively. This program trains the entrepreneurs to be business people with a difference. This enables them to form good business strategies helping them to overcome challenges associated with the initiation stages and establish a strong stand in the ICT sector.
Mike Baur is one of the reasons why Swiss Startup factory can take pride in itself. He is a co-founder of the company. The thing that drove him to start this company is that he realized that there is great innovation and creativity in ICT but most startups in this sector are usually by young people most of whom lack skills essential to running a business. He is an entrepreneur and therefore understands every aspect of business particularly in matters of banking and finance. He has always had a passion for finance and banking since he was a young boy and this drove him to undertake studies in the industry. He has an MBA in business from University of Rochester and York. He was also awarded an Executive MBA from University of Bern.
Mike has had an extensive career in banking and finance industry having worked for about 20 years. He worked for major banks in Switzerland such as UBS and Clariden Leu before joining Swiss Startup factory. He currently serves as the managing director and has represented the company at many entrepreneurship forums such as the Fintech Startup Weekend in Switzerland and the Hochschule für Wirtschaft Zürich (HWZ) Startup event