Launched in 2014 by Executive Chairman and Co-Founder Mike Baur, the Swiss Start up Factory (SSUF) has gained significant notoriety in Switzerland. The company has proven outcomes of success with taking nontraditional business models and creating lucrative opportunities for incubator companies.
The highly-successful venture has gained the Swiss Start up Factory enormous application receipts within 2016. The company received an astounding 1,600 applications resulting in 50 mentors from their exceptional accelerator batches.
In January 2017, the Swiss Start up Factory announced that it will move forward with an Advisory Board which will result in the recruitment of some very high-profile business individuals. The action is all part of their strategic development plan for the Zurich based company.
The Advisory Board will be comprised of members actively supporting the accelerators with precise and strategic initiatives. They will be specifically focusing on stretching and strengthening the board with additional members for the forthcoming investment opportunities. The role will be to also widen the prospects for key stakeholders to actively engage the board with their support.
Mike Baur released a statement as follows: “We are very pleased that we were able to win these high-profile personalities for our cause. Their commitment confirms that we have done a good job over the past two years. At the same time, we are trusted to be able to play a key role in the startup scene over the next few years not only in Switzerland but also internationally.”
The Swiss Start up Factory operates a three-month start-up accelerator program which provides an array of services such as mentoring, coaching, office space and an entrepreneurial network of business resources for start-ups to reach their goal. The program was specifically designed by Mike and it has been highly instrumental with the company becoming a leading ICT Startup Accelerator within Switzerland.
Mike has remained as an active mentor for the company at all phases of the start-up process. His focus has been to assure that co-founders are executing their presentations in a way that will bring in the investors. Mike believes there needs to be an ongoing market feedback for gauging the success of the start-ups and adapt to changing circumstances. He says that the lack of information can be the most challenging for co-founders, but that his motivation remains in never giving up and being willing to adapt.
Mike has stated,“If you really believe in your product and you’re very fast in the digital world…executing faster than your competitor, than you’ve already won.”
With the implementation of an Advisory Board, the Swiss Start up Factory has positioned itself to pivot to the next level from its already strong two year operational phase.