Mike Baur’s Success Story as an Entrepreneur
Mike Baur, a renowned Swiss businessperson and entrepreneur, is one of the founders and managing partner of the Swiss Start-up Factory. Growing up in a region of Switzerland known as Freiurg, Baur earned business degrees at Bern University and the University of Rochester, and started his banking career as a teenager.
Baur started out as a young finance expert and became an apprentice at the Union Bank of Switzerland in 1991. He continued to work for UBS through the 1990s and was promoted to an important advisory position before attaining the age of 30 years. He, however, decided to stop working for UBS in 2008 despite his brilliant success at the company and joined Clariden Leu Bank at the Zurich office. Here, he held a high-ranking position for almost six years.
In order for him to focus on his new passion for helping tech entrepreneurs, Mike quit to begin investing in start-up companies before co-founding Swiss Start-up Factory in 2014. He co-founded this company with Max Meister, who they schooled together at Bern University, and Oliver Walzer. The program was aimed at uplifting Swiss entrepreneurs by providing training and mentoring services, and supplying funds to promising startups.
Through the mentoring and training services, which are offered for three months, the new enterprise owners learn to market their services or products around the world. Businesspersons also have a great opportunity to network with other tech entrepreneurs and learn how to obtain funding from investors. The overall result of the training and mentorship program is a great increase in the likelihood of long-term success.
Swiss Start-up Factory also encourages qualified tech startups to enter pitching contest. The competition, which is usually held at Swiss University, is known as START Summiteer. The event, which only accepts firms with less than $1 million in funding, gives a chance to the founders of 30 new businesses to talk about their plans, products and business models in public. Companies with great potential frequently attract substantial investment. Baur served as one of the jurors in one of the major contests that happened in 2014.
Mike Baur was appointed as the deputy managing director of a company known as CTI Invest in January 2016 when the Swiss Start-up Factory partnered with CTI. Baur also led Swiss Start-up Factory to partner with Fintech Fusion in February 2016.
In a recent interview, where Mike Baur discussed SSUF, he said that it differs from most incubators due to its independence and ability not to operate as part of another business or political organization. This has led to better results.