The Swiss Startup Factory was co-founded by Mike Baur in 2014 with the ambitious goal of helping entrepreneurs create global companies that veer away from and disrupt prevailing business models, products and ways of doing business. At the core of the Factory’s model is a three-month program that provides new startups with financing by including them into a large group of like-minded entrepreneurs and investors, coaching, and mentoring classes and giving them access to office space. Recently the Swiss Startup Factory’s mission and services have expanded with the announced partnership that it is entering into with the Geneva-based Fintech Fusion. Both accelerator companies will begin collaborating on the startup pre-selection process, startup acceleration, cooperation with universities, mentor network exchanges, joint events involving both companies, and shared office space for the chosen startups.
Fusion was launched in 2015 to capitalize on Switzerland’s business position as a global center of financial services. Fusion’s mission is to fuse the best of Switzerland with the most promising talent to lead new innovation in the financial services sector. To help with this goal Fusion has corporate members from all areas of the financial sector including academic sponsorship’s from some of the world’s leading research institutes.
The Swiss Startup Factory was launched in 2014 and is a thriving Zurich-based business accelerator program that runs a three-month long program where they provide chosen entrepreneurs with financing, coaching, mentoring, and office space in the heart of Zurich along with an extensive network of entrepreneurs.
This cooperative event between the two companies is happening to build a unique connection between the French and Swiss German sections of Switzerland. Both of these independent accelerators uniquely compliment each other because of their similar focuses and together it is perceived that they will be able to take a new startup quickly from early stage product prototyping to beta testing and market entry.
As the founder of Fintech Fusion, Guillaume Dubray, points out the digital transformation of information is everywhere and Switzerland is a leader in this new technology. In addition, the Swiss Startup Factory and Fintech Fusion are providing an excellent basis and conditions for new and existing entrepreneurs to grow and thrive. This, of course, will be done with the combined services of each company, their entrepreneurs and that entrepreneur’s drive and determination.
Adding to this Mike Baur, co-founder and Managing Partner of the Swiss Startup Factory stated that due to the linguistic diversity and regional separation seen in Switzerland that Switzerland many times has lacked the ability to concentrate its strengths and resources. The Partnership between the Swiss Startup Factory and Fintech Fusion is the first attempt in Switzerland to coalesce and concentrate both companies strengths along with Switzerland’s strengths.