Having served as a banker for over 20 years, Mike Baur shifted to entrepreneurship, a move that saw him co-establish the Swiss Startup Factory, which is an incubation facility that helps tap talented entrepreneurs to help them implement their ideas. The facility has linked with various universities across the country to ensure there is easy access to vital resources. It mentors upcoming entrepreneurs so they can get the tools to approach the market, and due to its position as a mentor, the facility has been described as the only of its kind in the country.
Before Mike Baur conceived the idea of starting his journey in entrepreneurship, he worked as a banker for more than 20 years. In this period, he rose through different ranks to become a respectable leader in the industry, but despite all the success he had amassed as a banker, he did not betray his quest to pursue entrepreneurship. In 2014, he joined entrepreneurship, which is also the same year he co-founded Swiss Startup Factory.
After establishing the incubation facility in 2014, he was named as among members of the jury who would help review the pitches submitted by entrepreneurs. He was among those who spotted the talent and ideas that could be nurtured to become successful businesses. Additionally, he led the facility through its accelerator program, which ensured entrepreneurs gained useful skills and knowledge about the industry before they proceeded.
He took responsibility of fundraising for different startups, and now many investors have chipped in to take advantage of the ripe opportunities that are presented by the entrepreneurs who make it to the incubation stage. The accelerator has built a robust team of experts who assist in various concerns.
At the age of 16 years, Mike Baur began his career in banking and as a young professional, he had a lot of ambitions to pursue. In 1991 he was able to land an opportunity at Union Bank of Switzerland, where he was added as an apprentice. His practice and professionalism led to several promotions until he was appointed as a lead adviser.
In 2008, he left the bank and joined Clariden Leu bank, where he was given a top post. He served here for six years before he left to become an entrepreneur. To help young entrepreneurs with ideas in tech, he established the Swiss Startup Factory to offer an incubation platform that would also connect these startups with entrepreneurs.