The transformation of Mike Baur from banking to entrepreneurship.
Mike Baur the managing director and co-founder of Swiss Startup Factory is an entrepreneur and businessman from Switzerland. He obtained his degrees in business at the Bern University and Rochester University. According to the WallStreet Journal, he began his banking career at a tender age of 16 years.Mr. Baur for over 20 years, worked in the banking sector. These included the Clariden Leu and the Union Bank of Switzerland.
He had a lucrative and promising career as a banker. However, following his passion for helping upcoming Tech entrepreneurs, Mike Baur quit and began investing in startup companies. In 2014 together with Oliver Walzer and Max Meister, who was also a graduate from Bern University, he co-founded Swiss Startup Factory. Through the incubator program, the company helps Swiss entrepreneurs by providing training and mentoring services. The program also aids in funding promising startups. According to CrunchBase, these startups benefit from using rent-free offices in one of the largest cities in Switzerland. Every new startup enterprise gets the assistance of worth three months worth. The startup owners participating usually learn global marketing of their products and services. There is also an opportunity to establish a helpful network with other tech entrepreneurs. Through an educational program, it helps them learn ways of obtaining funding from investors. These opportunities and services significantly increase the possibility of success for the startups.
The Swiss Startup Factory also challenges the tech entrepreneurs to get into pitching contests.This competition is referred to as START Summiteer. In the event, each of 30 new enterprises is required to speak publicly concerning their business models, plans, and products. The firm that requires funding of less than $1 million is the one accepted. The startups are evaluated by financial experts who look at a number of aspects of the plans before it is decided who wins. Companies that are most promising regularly attract investments that are substantial. Mr. Baur took part as a member of the jury at a start-up pitching contest, the START Summiteer, in the University of St Gallen. Through Mike Baur’s taking part in the contest, it has helped in establishing the Swiss Startup Factory as a well-known and credible incubator of new businesses.
In the same year, he also created a new firm called Think Reloaded. This company mainly functions to advise clients about their finances. Swiss Startup Factory’s partnered with CTI and Mike Baur became the deputy managing director. These two organizations and arrange for the event called Swiss Startup Day and also provide training. Swiss Startup Factory’s formed an alliance with a company called BV4 in July 2016. BV4 mainly functions to estimate the monetary value of intellectual property, ideas, and inventions. These services can help entrepreneurs acquire financing. As a result of this partnership, Meister and Baur are both involved in the directing of BV4.