Mike Baur is an entrepreneur and businessman from Switzerland. He is the managing partner as well as co-founder of the Swiss Startup Factory. Mr. Baur used to work in the banking industry for 20 years prior to making the switch to helping startup companies. In his long career in the banking industry, he worked for Clariden Leu and UBS. Mark Baur quit his lucrative banking career and started investing in various startup companies. In 2014, he established the Swiss Startup Factory together with his partners; Oliver Walzer along with Max Meister. He got involved in START Summiteer, a startup pitching competition, as a jury member at University of St. Gallen.
In 2016, the Swiss Startup Factory entered into a partnership with CTI Invest. Mike Baur was selected as CTI Invest’s assistant managing director. Mr. Baur led the accelerator program of Swiss Startup Factory and Goldback Group during the same period. In February 2016, he also played a similar role in a partnership with the Fintech Fusion. The Wall Street Journal profiled Mike Baur’s early banking career in December 2016.
Mike Baur’s Journey from a Lucrative Banking Career to Helping Tech Startups
Mike Baur has enjoyed an inspiring and impressive life. He grew up in Freiburg, Switzerland and got his business degrees from the University of Rochester and Bern University. He was only 16 years old when he started his career in the banking industry. He started off as an apprentice at the Union Bank of Switzerland (UBS) where the hiring manager outlined a plan for his advancement at the bank. He worked at UBS throughout the 90s and got promoted to a vital advisory position before he clocked 30 years. He offered wise and sound advice to Swiss investors some of whom were the wealthiest in the country then. He quit UBS in 2008 and got employed by Clariden Leu in Zurich. He held a senior position for about six years and left in 2014. He decided to follow his passion of assisting tech entrepreneurs.
Swiss Startup Factory
In order to realize his goals of assisting tech entrepreneurs, Baur co-founded the Swiss Startup Factory in 2014. This incubator program helps Swiss entrepreneurs through the provision of helpful training and mentoring services. The Swiss Startup Factory also funds some promising startups. Every enterprise also benefits from rent-free offices in the largest city in switzerland and three months of assistance. The Swiss entrepreneurs under the incubator program are guided on how to market their services or products globally. The program also offers the entrepreneurs with a networking opportunity with the rest of the participants. They also learn the secrets and tips of obtaining funding from other investors thereby increasing their chances of tasting long-term success.
In addition to offering funding to the entrepreneurs, the Swiss Startup Factory also persuades them to toss themselves in pitching contests. The company does this through its START Summiteer where 30 new tech entrepreneurs are offered a platform to shed more light on their products, business plans and models. The event only accepts participants who have less than a million dollars in funding. Experienced financial experts gauge the startups, rate their plans and decide the winner.