Mike Baur‘s Successful Factory That Mentors Young Startups and Entrepreneurs

Mike Baur is one of the most prosperous entrepreneurs and a businessman who grew up in Freiburg Switzerland. He started his career in banking at an early age of 16. He became an apprentice at the Union Bank of Switzerland, but this did not last long as he was later to ditch his UBS career to work for various companies including his firm.

 

The talented Mike Baur worked for the UBS for a greater part of the 90s where he became an important advisory before reaching the age of 30. He advised the well-known Swiss investors by that time as his skills were innumerable. But in the year 2008, he quit his job at the UBS and secured a job at the Zurich bank called the Clariden Leu. He held a senior position for six years, but in the year 2014, he quit his job and devoted himself to his passion of helping the tech entrepreneurs. His decision was also influenced by the hard post-recession banking environment which made the banking industry less impressive to him.

 

To achieve his passion, he co-founded the Swiss startup factory in 2014partnering with Max Meister who was a fellow student at Bern University. This incubator program facilitates young tech entrepreneurs by providing training, mentoring, funds and also access to free rent offices in Switzerland. New startups receive assistance for three good months. Through this period, Mike Baur helps the startups by educating them to market their products and services worldwide, provide educational process on how to acquire funds from investors where they increase the chances of becoming a success.

 

The Swiss Startup Factory inspires the startups to register for the pitching contests. Mike Baur was among the jurors in the 2014 START Summiteer contest which now occurs every year at the Swiss university. Through the annual event, 30 newest enterprises talk about their businesses, products, and their plans. Accepting only startups with less than $1 million in funding, the experts evaluate the startups using several aspects and decides who emerges the winner. Mike Baur’s participation facilitated the establishment of SSUF as a credible and well-known business incubator.

 

He also created Think Reloaded firm the same year which renders financial advice to prosperous clients. He became the CTI Invest’s deputy managing director and the two firms now provide training and organize the startup day event. Also, the SSUF formed the alliance with BV4 which assesses the intellectual property and the monetary values of ideas. Mike Baur and Max Meister are involved in directing the BV4 due to these firms partnership.