Mike Baur with Max Meister and Oliver Walzer founded the company Swiss Startup Factory. The Swiss Startup Factory is a company that mentors entrepreneurs and provides educational facilities for a specified period at the end of which the entrepreneur is expected to pitch his idea. Such a company is meant to encourage entrepreneurial pursuits by ensuring that young businessmen and women are supported in the early stages of their endeavors.
The company was founded in the year 2014 with the aim of providing the same service that public startup accelerators do but with an entrepreneurial slant. Mike Baur worked for a long time in the banking industry but always wanted to start his own business. He feels that provided with the same things he has access to today he would have started his business much earlier.
According to Mike Baur, the private banking industry suffers because of many managers and banking advisers are unwilling to embrace change and do not have a hands-on approach to business. This means that in the event of a crisis the bank cannot whether the storm. His success at Clariden Leu is because he was willing to make changes. It is unfortunate that these changes did not sit well with everyone.
Credit Suisse took over Clariden Leu in 2011, and the new situation did not sit well with Baur, and he left to start his own business. It was not easy, to begin with, but he had the support of both his wife and his mentor Jean-Claude Biver. Mike Baur testifies to the fact that he would have remained in banking had it not been for Clariden Leu’s acquisition. Today most of his time is devoted to the startup accelerator bit of his business. He is also involved in marketing his business to young entrepreneurs in colleges and universities.
About Mike Baur
Mike Baur is a Swiss entrepreneur born in 1975. He attended the University of Applied Sciences Bern in 1997. He got his Bachelor of Applied Science Degree in Banking and Finance in 2002. He went on to the University of Rochester for his M.B.A and then on to the Universitat Bern to get his Executive Master of Business Administration degree in 2008.
Baur has worked in different firms including, UBS Wealth Management (1991-2008), Clariden Leu and Sallfort Privatbank AG. Apart from Swiss Startup Factory he also founded and owns Think Reloaded AG. Swiss Startup Factory has invested in more than 30 companies.