Mike Baur has shaped the tech entrepreneurship industry through Swiss Startup Factory.
The famous Swiss entrepreneur and businessman is a former employee of Union Bank of Switzerland and Clariden Leu banks. He built his career from an apprentice at the Union Bank of Scotland to a senior banker at Clariden. One thing which is different in Mike’s career from the rest is that he entered the industry at an early age of 16 and not many starts working that young. While working at Union Bank of Scotland, Mike used to help the wealthy Swiss investors and the wealthiest people in Switzerland to make excellent financial decisions. After working in the banking industry for over two decades, Mike Baur teamed up with Max Meister and Oliver Waltzer to form Swiss Startup Factory in 2014 at the age of 39.
Coincidentally, Max was his fellow graduate from Bern University. Swiss Startup Factory is the top privately owned Startup Accelerator in Switzerland. The country is a rapidly growing innovation hub, and that gave the trio the benefit of the doubt to start Swiss Startup Factory. The primary objective of starting the program was to mentor, train and fund upcoming investors to achieve their business goals. The training involves a three-month course under the Startup Accelerator Program. The startups are educated on ways to invest, market and also seek to fund their projects. They mentor each other through sharing of ideas in tech entrepreneurship. Two years later, Mike founded Think Reloaded which he uses as a platform of offering financial advice to clients.
He was later appointed the MD of CTI Invest after the Swiss Startup partnered with CTI. The two companies collaborate in all training programs and in arranging the annual Swiss Startup day. In July 2016, Swiss Startup partnered with B4 a valuation company which estimates the monetary value of intellectual property, inventions and ideas. These partnerships were anchored by the leadership of Baur who explains that the word Factory in the company’s name represents hard work. The people involved in the incubator worked hard to elevate the firm to the country’s top accelerator business. Baur insists that young entrepreneurs must work hard to achieve their goals.
The startups’ incubator that Mike Baur runs is a factory for some of the best startups business in Switzerland. Startups offer alternatives to the solution that big corporations offer. In the future, Mike Baur predicts that some of the startups we see today wil be battling with the big corporation. Over time they will grow to become multinationals.