Most startups are difficult to establish and hence require support to help them overcome the challenging early stages of business. With more people embracing entrepreneurship, there is the need for guidance so as to achieve more successful companies. The Swiss Start-up Factory is an independent and privately financed ICT Startup Accelerator based in Switzerland. The company offers young entrepreneurs with knowledge that will enable them to operate their businesses with ease. Mike Baur is the co-founder and managing partner at Swiss Start-up Factory. He is a successful businessman and holds the role of executive chairman, responsible for financing rounds and fundraising at the company.
Swiss Start-up Factory is committed to discovering and the execution of new ideas and projects that will challenge the existing business products and services. They support both digital early and late stage startups by taking them through a three-month accelerator program. The program provides coaching in critical areas such as finance and business strategy. In finance, they concentrate on areas of payroll management, cash flow analysis, and financial statements. To enable them to understand their fields better the entrepreneurs are put through a mentorship program where they interact with top professionals who run big companies. At times some entrepreneurs get funding from investors linked to the factory. The company then follows up the progress of these Start-ups for five months for monitoring and evaluation.
Mike Baur is vastly experienced having worked for over 20 years in the Swiss private banking sector. His banking career started in 1991 at UBS Wealth Management where he worked as a financial advisor. In 2008, Mr. Baur moved to Clariden Leu where he held the position of Head of Private Banking. Later he worked for Sallfort Privatbank at the same rank before becoming an executive board member of the bank. Mike Baur then quit venturing into entrepreneurship. During this period he met his two other partners and together they formed the Swiss Start-up Factory in 2014.
Mike Baur is from Fribourg, Switzerland where he developed a passion for banking and finance subjects. He has an undergraduate degree in Bachelor of Applied Science, Banking, and Finance from University of Applied Sciences Bern. He also holds an MBA from University of Rochester New York and an Executive MBA from the University of Bern. Mr. Baur spends a lot of time with young entrepreneurs supporting them both financially and through mentorship. His whole career from banking to entrepreneurship was profiled by Wall Street Journal in 2016.