Incubating Young Entrepreneurs

Entrepreneurship is the only way to accumulate wealth. Lack of direction and mentorship makes people to shy away from entrepreneurship. The hassle that is involved is not for the weak. Building a brand in an industry takes time, dedication, and resources. Economic resources are scarce because no product is tailored to the risks involved in entrepreneurship. Few people have the patience that it takes to build a product in the long run. Unemployment is a major crisis in many countries today. There are no educational institutions that offer training in entrepreneurship despite the fact that people are encouraged to venture into entrepreneurship. Mike Baur is a Swiss businessman. He has created an incubator for young entrepreneurs to be prepared for their journey.

 

Mike Baur is an experienced banker. This enables him to have access to quality economic resources for the young entrepreneurs. The incubation is in the form of an accelerator program. The program tests the viability of the product in the industry. It also equips the young entrepreneurs with skills. Young entrepreneurs are also given an opportunity to network with successful business people and learn from them. The young entrepreneur has a one on one mentoring time with the successful business people during the program. Mike Baur is mostly interested in the ICT industry. This is because of the potential of the industry and the needs that arise in the society today. This interest enables him to offer better mentorship for the ICT related products. This means that the people with ICT related products have higher chances than other start-ups. Everyone is exposed to the same opportunities during the program. They are given the same resources.

 

Mike Baur uses this incubator to expose the young entrepreneurs to a world of developers. He creates a network between the young entrepreneurs in Swiss and other nations. This gives them skills and exposes them to the potential market. They learn how to overcome different challenges from each other. This influences their capacity positively. The start-ups grow fast in a manner that is inclusive. People lack information and skills at times. Mike Baur has created a bridge to overcome this challenge. This should encourage other successful business people to team up and create incubators for young start-ups. This enables them to have an opportunity to invest in innovative products as investors. It also enables young entrepreneurs to have partners in their entrepreneurial journey.

Mike Baur assists startups with the Swiss Startup Factory

In a recent interview, Mike Baur, partner and co-founder of the Swiss Startup factory explained the reason behind the usage of the name “factory” as the company’s title. He stated this with a prior experience regarding a general awareness to being an entrepreneur and his past experience. The Swiss Startup is called a factory since it contributes building business startups right from scratch. The whole business platform works like a factory that is built through hard work and refining of products. Young people in the firm learn about hard worked and are refined about business work ethics. He said in a statement that his mission is to build young minds and to mentor them to become highly successful with their businesses.

 

Mike Baur left a thriving career in the Swiss banking industry so as to begin his investment and business venture. He worked with two other partners and launched the Swiss Startup factory. The company was started in 2014 in Zurich with an aim to identify and support young startups. The company provides a top accelerator platform that gives opportunities to tech-entrepreneurs in Switzerland. It has a three-month accelerator program which offers coaching, mentoring and network for business people.

 

The accelerator program is unique about the Swiss Startup Factory. It involves a three-month working with startups where they tackle their challenges and work with them closely on a daily basis. Such an interaction with experts offers startups a boost regarding their startups. Experts help startups tackle their challenges and come with solutions with the products and services.

Learn more: http://www.founderstories.ch/founderstories/mike-baur-swiss-startup-factory-ssuf/

SSF has given young entrepreneurs in the digital technology field a chance to go through a program that helps them increase their innovative power. It helps them highly compete in the global market place. During the three month period, selected startups embark on tests which ensure that they have the right selling point and pitch to give to potential investors.

 

The business strategy provided by the firm is something that many businesses need in today’s world. The staff helps one to design a strategy and plan that fits one’s entire marketing needs. Business needs are critically analyzed within the platform. They go an extra step to establish a solid digital strategy that is perfect for the customer. The focus on business and customer side has led to a huge success in part of the business.