Mike Baur remains one of the most successful businessmen and entrepreneurs of his generation. He is not only a popular entrepreneurial figure in Switzerland but also a significant contributor to the global economy. Baur was born and raised in Freiburg from where he began his Banking career.
Mike Baur pursued his business degrees from the University of Rochester and Berne respectively. He holds an MBA degree from Rochester and executive MBA from Berne. He offered his services in the banking sector, serving in various capacities, for more than 20 years before eventually going into entrepreneurship. Mike, together with Max Meister and Oliver Walzer, co-founded Swiss Startup Factory in 2014. His hard work and innovative leadership earned him the position of deputy managing director in the partnership deal between Swiss Startup Factory and CTI Invest. Baur has since led his company into various partnership deals including that with Goldback group and Fintech Fusion in 2016.
Baur Thrives in Banking Sector
According to Wall Street Journal, a popular publication in the region, Mike Baur began his banking career at an early age of 16. He reportedly became a Union Bank of Switzerland’s apprentice in 1991. He displayed a unique ability at the onset of his career that prompted a hiring manager to outline the possible promotions Mike would likely receive before his retirement. The Union Bank of Switzerland’s HR expert saw a great potential in him that he predicted a brighter future in Mike’s UBS career.
The talented banker continued to serve UBS throughout 1990s. In the course of his service, Mike Baur was elevated to a senior advisory position at UBS while still below 30 years old. While working at the organization, he offered professional advice to some of the Swiss’ wealthiest investors and individuals. Mike made recognizable efforts and significant achievements during his time with Union Bank of Switzerland. In 2008, however, he decided to leave UBS and provide his services to Clariden Leu, another financial institution in the Zurich office.
Mike Baur Ditches Appealing Banking Career to Support Tech Startups
He served Clariden Leu for about 6 years before co-founding his organization in 2014. This is when he actually decided to put a break into his successful banking career in order to support young technology entrepreneurs. Baur partnered with two of his friends to launch an incubator program aimed at mentoring, training and supporting Swiss entrepreneurial startups. Other than providing funding to startups with potential for growth, the program reportedly gave free business offices as well as organized networking platforms for the beneficiaries.
Mike Baur’s Swiss Startup Factory has continued to encourage its beneficiaries to participate in pitching contests. The contest, popularly known as START Summiteer, presents a platform for young entrepreneurs to sell their products, business models and strategies. The winners of the START Summiteer pitching contest stand a chance of getting significant investment opportunities. Baur was a jury member during the 2014 contest.
Mike established Think Reloaded, an organization that provides financial advice to high-level clients. CTI Invest partnered with SSUF, under the leadership of Mike as the deputy director, to organize Swiss Startup Day. Since 2016, SSUF has collaborated with BV4 to provide intellectual property services. In one of his recent interviews, Mike pointed out that SSUF is different from other incubators due to its total independence. Baur has continued to run Think Reloaded and Swiss Startup Factory while concentrating on financing and fundraising activities at SSUF. He plays a vital role in actualizing several technology startups in the region.