Swiss businessman and entrepreneur Mike Baur is the co-founder and managing partner of a Swiss business called Swiss Startup Factory. Baur quit a 20-plus year lucrative banking career in 2014 to invest in developing startup companies.
This decision resulted in the partnership of Baur with Max Meister and Oliver Walzer in the same year and the launching of Swiss Startup Factory. SSUF partnered with CTI Invest and Baur was named deputy managing director in January 2016. Baur went on to lead partnerships with Goldback Group and Fintech Fusion in early 2016. This partnership included an accelerator program that fundamentally consists of a mentorship and educational program intended to manufacture and build up new Swiss companies.
Referred to as an incubator or accelerator program, SSUF assists Swiss entrepreneurs by providing an abundance of initial services. Promising startups receive an educational process that increases their chances of success. This coaching ranges from funding, rent-free offices, mentoring and training, access to fellow entrepreneurs and capital investors as well as marketing of their products or services.
Swiss Startup Factory directly inspires the startups they work with to enter a contest referred to as a “pitching” contest. This competition is known as the START Summiteer. It comprises startup founders with less than 1 million in funding. They then present in a public speaking forum, their business strategy and plan, product and/or service to experienced financial experts, who then evaluate the startups, rate numerous aspects, and ultimately decide who wins. The appeal to the startup business is the prospect of gaining significant investors. SSUF has established credentials as a trustworthy, successful business incubator.
In 2014, Baur had also created a new firm named Think Reloaded, directed at affluent clients, that delivers sophisticated advice regarding financial matters. In 2016 a union was formed between SSUF and BV4. The purpose is to perform appraisals to help entrepreneurs gain financing by estimating the monetary value of ideas, inventions and other forms of intellectual property. The diversification of these businesses and their connection to Baur shows his ability to perform and grow Swiss businesses, meeting the demand for what it takes to succeed in today’s business environment.
Today, Mike Baur is a Swiss businessman and startup entrepreneur. Baur focuses on financing and fundraising at SSUf. He operates Think Reloaded as well as working in Swiss Startup Factory. Following his passion and working with his partners, businessmen that believe that the willingness to work hard makes the difference in reaching a successful business.