Mike Baur: The brain behind Swiss Startup Factory

Mike Baur is a Swiss businessman and the co-founder of the Swiss Start Up Factory located in Zurich. Mike was employed for nearly 20 years in Swiss Private Banking where he earned progress starting from a commercial trainee at UBS to becoming an executive board member of one of the largest Swiss Private Bank. In the year 2014 at age of 39, Mike Baur started his entrepreneurial mission and together with other two associates founded the Swiss Start up Factory. Today it is the number one self-governing and privately financier of upcoming ICT Startup Accelerator in Switzerland.

 

Mike spends a lot of time in promoting and encouraging the Swiss youth entrepreneurship and sponsors several Swiss Startups as a financier and a mentor. He also Co-founded and serves as the Director of the Swiss Startup Association. Mike holds an Executive MBA from the University of Berne and an MBA from University of Rochester New York as well.

 

Born in Schaffhausen, Mike brought up in Freiburg. Mike Baur, now 42, has constantly held an entrepreneurial drive in him. In 2000, he was named the assistant managing director of private banking Switzerland at UBS in Zurich. 8 years later, the CEO of Clariden Leu, a product of a merger of some private banks, hired him to be the head of as Zurich region specifically “to arouse the bank’s management. At that time, he sought strategic advisory orders for large assets in Switzerland. Today, these orders control about 35% of his time, the remainder being devoted to the accelerator. Due to the spread of the good word about Mike among beginning entrepreneurs at universities and universities, in the context of a changing financial industry, he became widely known.

 

Mike Baur, together with his instructor Jean-Claude Biver, today the head of LVMH watches, started fostering the concept of a start-up accelerator. With his two other partners Max Meister and Oliver Walze, they established the Swiss Startup Factory in December 2014. They wanted to form an accelerator funded and administered in a private, independent and in an entrepreneurial approach. For him, countless managers in private banking are victims of a thing he calls, “big cat syndrome”. “They are reluctant to change, not proactive, and have failed to take charge in times of financial crisis. Today, this sector is undergoing a digital transformation that is affecting all areas of the banking industry but most of them proceed to dispute this fact.

 

Mike Baur maintains that the recurring dilemma of start-ups is the professional affiliation between their founders. This finance specialist, emphasizes the value of flexibility. He recounts the case of a plan he attended in 2015: an e-commerce program for vegetarian food, started by 2 young people from a commercial sector. They had accepted to bring in a programmer.

 

Leave a Reply

Your email address will not be published. Required fields are marked *