Mike Baur is a Swiss-based businessman and entrepreneur. Born and raised in Freiburg, Switzerland, Baur is perhaps best known for being a co-founder and managing partner of Swiss Startup Factory.
Baur started his illustrious banking career at only sixteen, after obtaining Masters in Business Administration degrees (MBA) from The University of Bern and The University of Rochester. He would spend another 20 years in the private banking sector of Switzerland, starting off as a Union Bank of Switzerland apprentice.
Baur rose in the bank’s ranks gradually, becoming a top financial advisor to some of the wealthiest and most powerful men in Switzerland. This feat he achieved before hitting his thirties. He quit UBS on 2008. Other banks he worked with include Clariden Leu, where he worked for six years and Sallfort.
In 2014, the talented wealth manager decided to spend his energies on his two passions, youth, and entrepreneurship. He, therefore, partnered with Max Meister, a former schoolmate, and found the Swiss Startup Factory. The idea behind it was to offer mentorship and training to young and digital entrepreneurs and inventors.
SSUF started in Zurich and provided funding to promising startups. Three months of assistance is offered for each new and intriguing idea. They are trained in finance, investor network, entrepreneurial network and office space. The young tech-entrepreneurs also get network and socialize.
The SSUF also encourages the development of the qualifying young startups’ pitching abilities in pitching contests. These are known as START summiteer, and usually, they take place in Swiss Universities. START summiteer enables 30 entrepreneurs to speak on their products, business models and plans.
Experienced financial experts then evaluate the startups and eventually decide who wins after going through a rigorous evaluation process. Only firms requiring funding of up to $1 000 000 are allowed to take part in the process. The winner usually receives substantial investments from interested parties. Baur’s participation has established SSUF’s credibility as a reliable business incubator.
Mike Baur created Think Reloaded in the same year. It is a firm that offers financial advice to more affluent clients. He still runs Think Reloaded to date and is still a partner at Swiss Startup Factory where he continues empowering young entrepreneurs like him. While he could have had a steady and illustrious career in the banking world, Baur chose to follow his dreams and in the process created an even more distinguished name for himself. In addition to that, he has touched and undoubtedly will keep on changing the lives of this and other generations of young entrepreneurs and innovators.