Swiss businessman and entrepreneur Mike Baur started on his road to success early in life, taking a position with the Union Bank of Switzerland (UBS) at age 16. Well on his way to success before the age of 30, he left his important advisory position in 2008 to take another high-ranking position with Claridan Leu. However, Baur’s passion and focus shifted to assisting young, talented entrepreneurs by providing them with as many financial and training opportunities as possible. To this end, he left banking completely and with co-founders Max Meister and Oliver Walzer founded the Swiss Startup Factory (SSUF) in 2014.
With business degrees from the University of Rochester and the University of Bern, along with his years of experience in the financial world, Baur was more than qualified for the transition. Over the next few years, Baur led SSUF into alliances with other investors such as CTI Invest, Switzerland’s leading financial platform for startups, and BV4, which estimates the monetary value of ideas and inventions along with other intellectual property. Mike Baur continues to hold high positions in these businesses, with his primary focus being fundraising at SSUF.
The main mission of the Swiss Startup Factory is to provide young entrepreneurs with the training and financial assistance needed to thrive in today’s market. This is accomplished by providing a three month Startup Accelerator Program to guide fledgling businesses through the initially complicated process. Besides financial assistance, the three-month program provides assistance with coaching and mentoring, even providing free office space in Switzerland’s largest city along with access to a vast support network in Switzerland and around the world.
The Swiss Startup Factory encourages participants to take part in various events such as Swiss Startup Training, Swiss Startup Day with CTI Invest, and Swiss Venture Day. New entrepreneurs are also encouraged to participate in pitching contests such as the START Summiteer, where Mike Baur has participated as a juror. Through these multi-faceted opportunities, Mike Baur has become an example of how to encourage young talent to succeed in the ongoing innovative business opportunities of the digital market today.