The Swiss Startup Factory, which was launched in 2014 by Mike Baur, is an accelerator that seeks to support upcoming digital entrepreneurs. Mike Baur is a banking professional who boats of more than 20 years experience in the banking and investment management industry. As a teenager, Mike was fascinated about banking and his dream was to one day become a reputable banker and investor, a dream he pursued quite vehemently. Mike Baur has spent more than 20 years working in the Swiss private banking market, something that has equipped him with sufficient experience and skills to establish a financial institution.
Michael Hartweng, Mike Baur’s business associate, quit his job at Leonteq and immediately sold his shares before exiting. This offered him some capital that would stand in during his next attempt at establishing a business independently. He joined the Swiss Start Up Factory (SSUF) and was assigned the role of coaching founders and companies.
At the time Mike Baur founded SSUF, his objective was to support young entrepreneurs to grow their ventures in the digital market. The company has grown into a reliable information outlet that can help to support upcoming investors to realize their potential. Mike Baur has been calling on experienced professionals to bring along their skills into the organization to help secure a stronger front for management.
The Swiss Start Up Factory is also working together with the Fusion in a cooperation that will build a bridge between the Swiss and French financial markets. Both are independent accelerators that complement each other in setting up goals and program orientation. The SSUF acceleration program assists start ups from establishment to the prototyping stage to encourage smooth transition into the market. Although Fintech will be the key focus in the program, other ICT topics will also be factored in and this will also include cooperation with universities.
The SSUF accelerator program will be launched this summer and will focus on Fintech companies. Mike Baur, the founder of SSUF, has expressed hope in the program and expects to meet many young professionals, who will bring forward actionable ideas and plans that can be included in the acceleration program. Through his diverse connection and experience, Mike Baur will source for professionals in the banking and financial sector to contribute towards the program. The coaching program will take several weeks and those admitted will be taken through until they are ready for funding to enter the competitive market.