Are you hearing this name for the first time? If so, by the end of this article, you will understand. If you have heard about him, you will learn certain things you might not be aware. Mike Baur is a co-founder of the Swiss Start-up company AG. He has a vast experience in the Swiss banking sector and is responsible for the funding and all financial responsibilities of Swiss Start-up Factory.
A short brief of the Swiss startup factory
An accelerator started in 2014 and based in Zurich. It is looking for future entrepreneurs. Since day one, they have been providing exciting opportunities through their massive network in Switzerland and around the world. They have a three-month accelerator program that provides an excellent platform of coaching, services, mentoring, an office in Zurich city, as well as a network with other entrepreneurs that will help achieve entrepreneurial goals.
According to Mike, they realized that there were many platforms like Swiss startup factory but public authorities supported most of them. Therefore, he and his partners wanted to come up with a private entity that was managed independently and in an entrepreneurial way. Some credit can be given to Mikes mentor Jean-Claude Biver. He is the one who gave him the idea of a startup accelerator.
Growing up and career development
Born in Schaffhausen and raised in Freiburg 42 years ago, Mike has always had an entrepreneurial edge in him. He says if he had the support at that time, he would have started his startup. In 2000, Mike was appointed as the assistant managing director of UBS a private bank in Switzerland. Eight years later, he was benched marked by CEO of Clariden Leu due to his great work and was made responsible for the Zurich region. After he had left UBS, the big bank started having a financial crisis. It enabled Mike to poach former employees and brought major accounts to his new boss. According to him, the crises were a significant opportunity for them. However, the teams appointed did not appreciate the changes he was making which led to clashes internally.
According to Mike, starting up is always tough. While starting Swiss Startup Factory, he pursued strategic advisory mandates for large firms and assets in Switzerland. Mike says that these terms occupy a third of his time while the rest is dedicated to the accelerator program. However, he gives speeches at institutions to spread the good word among other emerging entrepreneurs at learning institutions. He mostly talks about changing the financial industry.
Advice to future entrepreneurs
Mike always tells emerging entrepreneurs to jump off the plane and collect all the parts that will prevent them from crashing to the ground. According to him, if he had not taken the chances, he would still be a bank manager.