Renowned businessman and entrepreneur Mike Baur was raised in Switzerland, Freiburg. He holds a business degree from both the University of Rochester and Bern University. His banking career kick-started at 16 years of age, and he has acquired valuable skills, building a great impression of himself. He has been a major inspiration in the business world.
In 1991, Mike joined the Union Bank of Switzerland as an apprentice. He got the opportunity to meet the hiring manager who showed him the paths to maneuver through in the UBS career. It took the double effort of acquired advice and his untiring determination to get him to where he is today.
Mike Baur co-established the Swiss Startup Factory with his two associates, Max Meister and Oliver Walzer.He also serves as a managing partner in the company. Prior to his service at Swiss Startup Factory, Mike had an outstanding 20 years in the industry thereby rendering him as a valuable asset to the initiative. Among the major banks he worked for include the Clariden Leu and UBS which he later quit to establish his company. After Baur quit the banking industry, he focused on funding Startup companies and growing them to greater heights.
Mike Baur has earned himself vast titles throughout his career journey. He got the coveted privilege of being part of the START Summiteer jury members, a University of St Gallen’s start-up pitching contest. In January 2016, Mike was made the deputy managing director after Swiss Startup joined CTI to form CTI Invest. In early 2016, Mike chaperoned Swiss Startup Factory through the accelerator program which was associated with the Goldback Group. It is in this year that the company also made partnerships with Fintech Fusion.
In 2008, Mike Baur switched lanes from working at UBS despite his hard-earned success. After quitting UBS, he was employed at Clariden Leu where he worked for about six years securing high-rank positions. By 2014, he had already made up his mind to focus on growing high tech entrepreneurs. This was due to his exposure to the post-recession banking work conditions which had seemed less appealing.
Mike says that the Swiss Startup Factory (SSUF) is unique compared to most incubators by the fact that it is independent and is not chained to any political or business organization, giving it the free will to operate on its terms. The initiative is also at a greater advantage thanks to its leaders’ financial commitments which has put the company into a better position of getting desirable results. With this in mind, every person in the organization has an assurance of their individual success. Baur also remarks that growing businesses require the willingness to push hard for any progress to be realized.
Swiss Startup Factory also encourages tech startups to get involved with pitching contests. Mike once participated as a juror in the 2014 contest with the competitions being held at a Swiss University. During this event, 30 founders of new enterprises get the opportunity to address the public about their plans, business models, and products. The foundation offers support to firms that are incapable of raising a starting capital of over $1 million. The companies that show genuine determination consequently bag home substantial investments.