Mike Baur And His Career In Banking
Mike Baur, is an entrepreneur, and a businessman, who grew up in Freiburg Switzerland, and earned his degrees in business, at the University of Rochester, and Bern University.
Baur became an apprentice in 1991 for Union Bank of Switzerland. According to the Wall Street Journal, Baur was only 16 years old, when he began his career in banking.
Since then, Baur has worked in the banking industry over 20 years.
Baur left his job at UBS in 2008 and went to work for the Zurich office of Clariden Leu, another bank where he held a high ranking position.
Despite his success, the banking industry was no longer appealing to Baur, due to the post-recession banking environment. Therefore, in 2014, Baur decided to leave and started a new profession, which was his new passion as well, assisting tech entrepreneurs and investing in startup companies. In that same year, Baur partnered with Oliver Walzer, and Max Meister, to launch the “Swiss Startup Factory”.
What The Swiss Startup Factory Provides
The program provides aids to Swiss entrepreneurs with training and mentoring services, as well as funding startups, that seem to have potential. These promising enterprises, get assistive benefits for three months that include: offices in Switzerland-rent-free, they learn how to market products and services globally, as well as how to obtain funds from investors, they get the chance to network with other tech entrepreneurs, and more.
The Swiss Startup Factory also encourages qualifying tech startups, to enter pitching contests.
The University Of St. Gallen’s, Start-Up Pitching Contest-The Start Summiteer
After co-founding the Swiss Startup Factory, and becoming a managing partner, Baur took part in, the University of St. Gallen’s, start-up pitching contest, the Start Summiteer, as a jury member in 2014.
The event allows 30 new enterprise founders, with funding of less than $1 million, to talk about their products, plans, and business modules-publicly, which financial experts will evaluate, and rate a variety of aspects on each startup’s plans, and then choose a winner. Promising companies can also attract substantial investors at the event.
As a result of his participation, Baur was able to establish SSUF as a well-known, credible business incubator.
It was during this time that Mike Baur also launched a new firm that provides more sophisticated financial advice to prosperous clients, called “Think Reloaded”.
The SSUF Partners With CTI Invest And More
Later, the Swiss Startup Factory and CTI teamed up, and Baur was given the honor of being named, deputy managing director, of CTI Invest, in January 2016.
Around that same time, the Swiss Startup Factory was lead, into their accelerator program, by Mike Baur with Goldback Group, and then in February of 2016 the partnering with Fintech Fusion and more.
Baur’s early career that went from Swiss banking, straight through to entrepreneurship, then startup investments, was profiled in December 2016, by The Wall Street Journal!
In a recent interview, Mike Baur stated that, what sets the Swiss Startup Factory aside from the rest of the incubators, is its independence.