Mike Baur’s Role In Ensuring New Companies Have a Lifeline to Impact the Future
Mike Baur is a Swiss-born entrepreneur known for co-founding the Swiss Startup Factory. He boasts of experience of over two decades in the banking sector. Baur left banking and ventured into investing in startups before partnering with two other individuals to start Startup Factory in 2014. He has also participated as a judge in a start-up contest at the University of St. Gallen. In 2016, Baur became deputy managing director at CTI Invest upon Startup Factory’s partnership with the before mentioned.
During the same year, Mike Baur oversaw other momentous Swiss Startup Factory partnerships. These were Fintech Solution and an accelerator program in conjunction with Goldbach Group. Later that year, Baur was featured on The Wall Street Journal which profiled his exploits from banking to start-up investments. During the Swiss Startup Factory’s conception, Baur pointed out that there were similar other platforms, but he was different. He described it as privately managed, unlike the rest that was managed by public authorities.
Mike Baur always had an entrepreneurial spirit from a young age. He, however, went into banking starting with an apprenticeship at UBS, Fribourg. Baur rose to the assistant managing director as of 2000. In 2007, he became the regional manager in Zurich of Clariden Leu tasked with ‘awakening the bank’s management.’ At Clariden Leu, he took advantage of UBS’s instability brought about by the 2008 financial crisis. He brought on board former employees of the bank mentioned above as well as some big clients.
Upon Clariden Leu’s acquisition by Credit Suisse in 2011, he decided to jump ship from the banking sector. He did this with support from his mentor Jean-Claude Biver as well as his wife. Baur then started putting his money into start-up before meeting Oliver Walzer and Max Meister. It is together with these two individuals that the Swiss Startup Factory concept was conceived. The Swiss Startup Factory sought to conglomerate new future companies with the aim of growing the Swiss economy.
Baur credits his success as an entrepreneur to TAG Heuer CEO Jean-Claude Biver who guided through his career. The latter played an important role especially in guiding Baur during his transition from banking into entrepreneurship. Baur has been involved in many other ventures, but the Swiss Startup Factory has proven to be the most important.
The factory has seen incubation of many start-ups especially those of young entrepreneurs. This is a crucial aspect of the project as it will ensure new companies have a life line. They will, in turn, secure the future to ensure continuity of growth in most if not all sectors.