Mike Baur and the Swiss Start Up Factory Seek Ideas

Mike Baur recently founded the Swiss Start Up Factory in Zurich Switzerland. Baur spent 20 years in the Swiss Banking system where he climbed the ranks to become an executive board member. While most people would be happy to enjoy this level of success, Baur chose to start out again and began a new and completely different, untested concept in the fledgling world of Fintech and ICT. ICT is a term describing the information and communication technology, which is information shared over wireless communication (cell phones) and internet connections. Fintech is the relaying of monies between parties in a contractual agreement. PayPal has proven to be the great invention of our age, but other people are seeking a piece of this pie. This is where Mike Baur and his two partners enter the picture. Baur holds two MBAs, one from America, the other from Switzerland. His idea was to form a system for young entrepreneurs to develop their products, in this case, ideas, and to give these young entrepreneurs access to financial assistance and contact with experienced businessmen and investors. The final product of this factory is a new innovative and useful idea which the general public will use and enjoy, at which point Baur and his SSUF will benefit for their investment.
The Swiss Start Up Factory (SSUF) gives the necessary funding, business coaching, office space and access to all that is necessary to build their idea into a brand.
Applicants with an idea who have at least one other person involved in their product can apply for the three-month program. Upon acceptance, they receive investment capital, counseling and the opportunity for business success. Baur and the SSUF secure a 10 percent share of the new company for their efforts. Applications can be made for the program here: SSUF Type Reform
It is a long held concept in business that networking is a vital element for success. Mike Baur and the Swiss Start Up Factory have raised this to a new level. His idea is being copied in the States and around the world.

Leave a Reply

Your email address will not be published. Required fields are marked *