Mike Baur is a successful businessperson and Entrepreneur born and raised in Switzerland. He studied his MBA and Executive MBA from the University of Rochester New York and the University of Berne respectively. Mike began his career as a banker at only 16 years of age working as an apprentice for the Union Bank of Switzerland (UBS). During his time at UBS, he got promoted to several important positions, and he stayed there until 2008. Afterwards, Baur was employed in another bank called Clariden Leu where he held a top ranking post for six years.
Even though he had a successful career as a banker, Mike felt that he needed to focus on his new passion of assisting young entrepreneurs. He, therefore, initiated his company dubbed Swiss Startup Factory (SSTF) in 2014 in collaboration with his two college mates, Max Meister and Oliver Walzer.
Swiss Startup Factory aimed at assisting Swiss innovators through the provision of financial, mentoring, and training services. The Company has a 90-day program that trains and empowers new entrepreneurs. After the completion of the training, they are given access to rent-free premises at the Zurich offices. Additionally, the innovators are also linked to an entrepreneurial network to assist them in their growth. All the services offered at Swiss Startup Factory increase the chances of success for young innovators.
Mike Baur also encourages new technology startups to contest in pitching competitions. In 2014, he was among the judges at the START Summiteer, a start-up pitching competition at the University of St Gallen for entrepreneurs. The pitching contest only accepts start-ups with less than a million dollar funding. The financial experts then review the company’s plans and select the winner. Mike’s participation in the competition has increased the credibility and fame for Swiss Startup Factory.
In a recent interview with Founder Stories, Mike Baur explained that his incubator varies from the rest as it is an independent firm without any political affiliation; hence, can implement decisions without any negotiation. Additionally, Mike and his two friends had invested so much in the company that they will do anything to see it became a success. This was different to other incubators whose founders invested sparingly so that if the business fails, they will not lose a lot. Also in the Interview, Mr Baur explained that most Swiss people are very creative but often lack execution, and this is why he created Swiss Startup to assist them.