Mike Baur: Positive News

Mike Baur is a Swiss businessman and entrepreneur. As the co-founder and managing partner of Swiss Startup Factory, Mike Baur was previously a banker for over 20 years but started investing in start-up companies. Max Meister and Oliver Waltzer are his founding partners. In January 2016, Baur was appointed deputy managing director of CTI Invest when Swiss Startup Factory partnered with CTI. The Swiss Start-up Factory was led through an accelerator program partnered with Goldback Group in early 2016, as well as partnered with Fintech Fusion in February 2016. Baur has earned his business degrees at Bern University and the University of Rochester.

At 16, Baur started working as a Union Bank of Switzerland apprentice. An employee listed all his future roles, but Baur eventually decided to do something else. In the 1990s, Baur was promoted to an important advisory position before the age of 30. Baur was giving wise financial advice all the while when he stopped working with UBS in 2008. Although Baur was a high-ranking banker, he developed a new passion for helping tech entrepreneurs. In 2014, Baur worked on founding the Swiss Startup Factory in 2014, partnering with Max Meister. Each new business receives three months worth of assistance.

Start-up owners learn how to market products or services on a global level, not just on a local level. Baur was a leading juror in 2014 for a contest held by Swiss Startup Factory called Start Summiteer that occurs at a Swiss university. 30 new startups can talk about their products, business models and plans, accepting firms with only $1 million in funding. Also, in 2014, Baur created the firm Think Reloaded, which provides sound financial advice for affluent clients. He was deputy managing director two years later, with the firm collaborating with SSUF.

SSUF is different from most tech incubators. Baur could have stayed in banking but instead he chose to invest in start-ups for individuals who need more resources for their new companies. A new trend in the start-up industry is that new start-ups are popping up in Switzerland because Switzerland is a stable society that allocates its tax resources properly. Switzerland has a safety net for all of its citizens since its industries are not stalled by a need for regulation like in the rest of the world. Switzerland limits regulation to safety, health, and environmental matters. Lobbying is viewed as a wasted effort when companies could spend time innovating. Baur saw to this by leaving the banking industry.