Mike Baur is the owner and CEO of the Swiss Startup Factory. His idea was to support Fintech businesses through a unique program while they try to venture out and make an impact in an already challenging market. Mainly the company collects the capital needed for the business which is done by getting other businesses to fund the startups like a form of investment.
The company has been blooming lately. Michael Hartweg has come in as a new investor. He formerly worked with Leonteq before he joined Swiss Startup Factory. By his partnership with the company, he will have to look at the business ideas presented to him and make decisions whether they are a worthy investment or not. Part of the deal is not only to measure the worthiness of the investment but also to mentor those that are good enough.
The company has to ensure the businesses are successful. The company aims to find more people like Michael who have the money to assist entrepreneurs with their startups.
The initiative was a part of the accelerator program that Mike Baur plays a major part. The program looks at companies that are establishing themselves and funds them while giving them any other form of support that they may need to get their business up and running.
He is the founder of the Swiss Startup Factory. The company, which is based in Zurich mainly looks at investing in Fintech startups. In 2014, the accelerator program was set up to help investors in maximizing their profits on their investments. The financial support for these businesses is the result of Mike’s hard work, which has seen them enjoy a lot of success. He used to work for the Swiss banking sector for the past two decades.
This experience has seen him gain knowledge about small startup companies and the hardships they face when developing. The field has also enabled him to look at investments and what causes them to be successful or fail. The most important part of setting up your startup for success as Mike believes is the use of IT in everyday undertakings.