Mike Baur: a Staunch Banker Doing Great Things as a Startup Incubator

When the history of the Swiss entrepreneurial landscape is written, a fairly big section of it will revolve around the name of Mike Baur. The managing partner of Swiss Startup Factory has contributed immensely to the establishment, investment, management, and eventual growth of many startups in Switzerland. After founding the Swiss Startup Factory, in collaboration with Max Meister and Oliver Walzer, in 2014, he dedicated his experience and management prowess in helping his compatriots achieve their entrepreneurial goals.

 

The Success of Swiss Startup Factory

 

A couple of years after establishing Swiss Startup Factory and making substantial investments in a good number of startups, Mike Baur led the company in sealing three notable deals. First, the company entered into a partnership deal with CTI Invest; the move saw Mike given the role of deputy managing director of CTI. Secondly, the Swiss Startup Factory and Fintech Fusion entered into a partnership in February 2016. At around the same time, Mike led his company into completing its accelerator program that was done in conjunction with Goldback Group.

 

Due to his entrepreneurial success, particularly in investing in startups, Mike Baur was at one time part of the jury for the University of St Gallen’s START Summiteer. The summit brings together startup entrepreneurs together for a contest.

 

Banking Career

 

Before he started investing in startups, Mike Baur had had a successful 20-year spell as a banking executive. He made a debut in the banking sector as a teenager, and later graduated with a bachelor’s and a master’s degree in business from Bern University and the University of Rochester respectively. He held several executive roles at the Union Bank of Switzerland (UBS) from the early 90s to 2008. He started off as an apprentice before he got promoted to occupy a financial advisory position. As an advisor, he had a chance to advise and interact with the high and mighty in the Swiss business sector where he helped many wealthy individuals in making investments.

 

Quitting Banking

 

After leaving UBS, Mike’s next stop was at the Zurich-based Clariden Leu. For the six years that followed, Mike was a senior officer in the banking firm. However, the banking life was not as appealing to him at that time as it had been there before and he opted to quit the industry altogether. It was after quitting that he was able to start his own company.

 

Today, Mike uses his experience and business connections to help upcoming entrepreneurs manage their investments. He offers funding and mentorship to startups with funding not exceeding $1 million after which he leaves them to stand on their own.