Mike Baur has had a great deal of success in the financial industry. He began his career with UBS, as a commercial apprentice to board member at another Swiss Bank. This apprenticeship led to a 20-year career in the banking industry. However, Mike did not feel very fulfilled throughout the duration of his career in banking. He knew that he had a very entrepreneurial mindset and was looking to do greater things in the world.
In 2014, he started the Swiss Startup Factory as an accelerator for Swiss tech startups. His passion is for youth entrepreneurship, where he mentors and supports Swiss startup companies. The Swiss Startup Factory runs a 3-month accelerator program which is designed to produce successful startup entrepreneurs and give them the advice/guidance that they need in order to succeed. The organization has a network which spans the globe, and provides exciting opportunities from the very beginning in order to give startups and youth entrepreneurs the advantage that they need.
As an incubator, the Swiss Startup Factory is modeled after a manufacturing process. The first step is to build up and help new companies get started. The idea begins as a prototype and it takes on a shape. From there, it becomes a proof of concept and ultimately becomes a finished idea which has its own merits as the final product.
Furthermore, the idea of a factory emphasizes the need for young people to work hard at pursuing and creating their ideas. Mike Baur also believes that Switzerland is the best country for innovation in the world, and offers plenty of potential for entrepreneurs. His mission is to create more successful Swiss companies: innovation requires execution. Strong innovation means a big opportunity for the country to excel. He also wants to encourage young companies to work together rather than working against each other to produce innovation. Combining hard work and passion for an entrepreneur is crucial for success. That is why mentors are critical for creating a successful entrepreneur.
This incubator is located right in the heart of the Swiss capital, Zurich. The company’s goals are ambitious, and designed to support as many entrepreneurs as possible. In his current role with this incubator, Mike is responsible for fundraising and financing for the startups which are a part of the Swiss Startup Factory.