Observation there is one example $k=2$, according to Bonses's inequality
$$p_1p_2...p_n > p_{n+1}^2$$
for $\forall n\geq 4= 2^2$. This $2^2=2^k$ is the key.
For $k=3$ we can see that $2\cdot3\cdot5\cdot7\cdot11 > 13^3$, but we can extend it to $N_0=2^3$ $$2\cdot3\cdot5\cdot7\cdot11\cdot13\cdot17\cdot19 > 23^3$$
and we have the initial case for induction, using the technique you suggested (which looks good by the way).
For $k=4$, $N_0=2^4$ $$2\cdot3\cdot5\cdot7\cdot11\cdot13\cdot17\cdot19\cdot23\cdot29\cdot31\cdot37\cdot41\cdot43\cdot47\cdot53 > 59^4 $$
Then the problem is to find the initial case for each $k>4$.
Now that we have established that the problem is in finding the initial case let's use induction for this problem. We already established that we have initial cases for $k \in \{2,3,4\}$, let's assume there is one for $N_0=2^k$ and prove that this leads to finding an initial case for $N_0=2^{k+1}$
$$\prod\limits_{t=1}^{2^k} p_t > p_{2^k+1}^{k} \Rightarrow \prod\limits_{t=1}^{2^k+1} p_t > p_{2^k+1}^{k+1} \Rightarrow \\
\left(\prod\limits_{t=1}^{2^k+1} p_t\right)\left(\prod\limits_{t=2^k+2}^{2^{k+1}} p_t\right) > p_{2^k+1}^{k+1}\left(\prod\limits_{t=2^k+2}^{2^{k+1}} p_t\right) \Rightarrow \\
\left(\prod\limits_{t=1}^{2^{k+1}} p_t\right) > p_{2^k+1}^{k+1}\left(\prod\limits_{t=2^k+2}^{2^{k+1}} p_t\right) \overset{p_m>m}{>}
(2^k+1)^{k+1} \left(\prod\limits_{t=2^k+2}^{2^{k+1}} t\right)=\\
(2^k+1)^{k+1} (2^k+2)(2^k+3)(2^k+4)...2^{k+1}>
(2^k+1)^{k+1} (2^k+1)^{2^k-1}> ...$$
It is worth mentioning that $2^k-1\geq 3k+3, \forall k\geq 4$
$$...>(2^k+1)^{k+1} (2^k+1)^{k+1} (2^k+1)^{k+1} (2^k+1)^{k+1}=(2^k+1)^{4(k+1)}>...$$
and $(2^k+1)^2 >2^{k+1}+1 $
$$...>(2^{k+1}+1)^{2(k+1)}$$
As a result we have
$$\prod\limits_{t=1}^{2^{k+1}} p_t > (2^{k+1}+1)^{2(k+1)} \tag{1}$$
It is worth mentioning that
$$\sqrt{p_m} < m \Rightarrow p_m < m^2$$
so $$p_{2^{k+1}+1}< (2^{k+1}+1)^2 \tag{2}$$
Now, combining $(1)$ and $(2)$
$$\prod\limits_{t=1}^{2^{k+1}} p_t > (2^{k+1}+1)^{2(k+1)} > p_{2^{k+1}+1}^{k+1} $$
So, there is always an initial case.