The ability to gather up startup funds is becoming easier and easier, largely because the ubiquitous power of the internet has brought many people interested in funding startups together with those who have great ideas. We are seeing some of the spoils of the internet and startup financing with the proliferation of tech-based, near-giants, like Uber for example. The ability to help smart money meet smart ideas has never been easier.
There is a company, Swiss Startup Factory, that is focused exclusively on financing startups that disrupt the norms and introduce newer, more innovative ways of doing things. This is particularly auspicious as this sort of focus will move us, collectively, toward better, more efficient ways of doing most everything. In less than 10 years, we are banking online, using our cars to drive passengers to their destinations, doing tech support from home for major companies and even securing mortgages and buying cars disproportionately through online means.
Mike Baur, CEO of Swiss Startup Factory, who aside from looking strictly at companies that are trying to help us do things better, also takes additional steps in incubating companies. In the event that a very lucky startup is able to garner the attention of Swiss Startup, it is not just funding they will get. There is an immersion facet to their program where at the core of their plan is a 3-month program.
This program provides business in their early stages financing and access to a wide entrepreneurial and mentor network to help them along on their plans. There are also coaching and mentoring services, in addition to office space, that is afforded to businesses that are accepted into the Swiss Startup Factory “pre-accelerator” program. Their entire program includes a 360-degree, 5-step plan, and at the very initial, pre-accelerator step, startups are given access to a market research team, IT and accounting support, as well as a team of professionals dedicated to product development. During this phase, there are also pitch-trainings available to businesses.
As a part of the pre-accelerator phase, there is a path to access to some of the best international startup ecosystems in the world. This is very unprecedented, although indicative of an overarching trend that Swiss Startup Factory is both creating and strengthening. Mike Baur is slowly making top talent in Switzerland available to help other companies get on the path to achieve success through a massive support system, which appears to be just about fail-safe.