Mike Baur’s Journey To Engage In The Startup Incubator Business

In his 20s, Mike Baur was working in the competitive financial industry. Over the years, the graduate of Bern University and the University of Rochester has achieved much success in investing in startups. When he joined Union Bank of Switzerland as an apprentice, a hiring manager immediately recognized the potential that the young finance expert had. The high-ranking manager planned a likely promotion path for Mike to enable him climb the corporate ladder quickly. However, Mike preferred a different approach that saw him work for different firms before he founded his own corporation.

In the 90s, Baur worked for the UBS as an apprentice and later, as a financial advisor. He was charged with the duty of advising wealthy Swiss investors on the right investment opportunities. The list of investors who relied on his expertise included some the nation’s wealthiest individuals. In 2008, Baur decided to leave the company despite having a potentially bright future. After a couple of months, he was recruited by a renowned bank, Clariden Leu. Through his savings and extensive experience in investment, he was able to start investing in different undertakings. After six years, he resigned from the firm as the post-recession banking environment was not appealing to him. He decided to help tech entrepreneurs to reach their dreams.

To this end, the finance expert deemed it fit to incorporate a venture capital that would enhance his efforts of helping start-ups. This way, he partnered with other like-minded entrepreneurs and founded Swiss Start-up Factory in 2014. Unlike other venture companies, the corporation established an incubator program. The program was aimed at ensuring that the companies under its management receive the rights tools to help them succeed in their undertakings. Swiss Start-up Factory offered entrepreneurs with office space, mentorship, finance, banking services, and connections. In addition, the program helps the start-ups to learn how to source for funding from investors.

Swiss Startup Factory believes in creating a competitive environment. This way, Mike Baur has created pitching contests. Entrepreneurs under the incubator program are required to participate in the pitching contest to help them gauge the quality of their ideas. The contests also assist them in learning which areas of their start-ups are weak, thus be able to improve on them. One of the competitions is the START Summiteer, which was held at a Swiss university. For an entrepreneur to participate in the program, his or her company must have less than $1 million in funding. Mike Baur is associated with Think Reload, CTI Invest, and BV4.

 

 

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