Mike Baur is a native of Switzerland. Mike has an executive MBA from the University of Bern and holds an MBA from the University of Rochester. According to Wall Street Journal, Baur started his banking career at the age of 16. He has worked in the banking industry including Clariden Leu and UBS for more than 20 years. Mr. Baur worked as a union bank of Switzerland apprentice in 1991.He is also a well-known entrepreneur.
Mike quit the banking world to focus on investing in startup companies. In 2014, Mike co-founded Swiss Startup Factory together with Oliver Walzer and Max Meister. During a startup pitching contest, called START Summiteer, Mike took a significant role in participation at the University of St. Gallen.Swiss Startup Factory partnered with CTI Invest in January 2016 for efficiency, and Mike Baur was named deputy managing director of the merged companies.
Under Mike Baur, Swiss Startup Factory has experienced significant achievements for example in 2016 he led the company through its accelerator program with Goldback Group. Also, in February 2016 Baur saw the company through its partnership with the Geneva-based accelerator, Fintech Fusion.
Swiss Startup Factory is a Zurich-based accelerator which mainly targets digital entrepreneurs. The accelerator program takes three months providing an important platform for services, cooperation with universities, joint events, mentoring, office space and coaching. Moreover, it provides entrepreneurial network throughout Switzerland andworldwide. The company is currently ranked as the leading privately financed startup accelerator in Switzerland.
As an early stage startup investor, Mike received many average startup assistance of little impact. Therefore, he got an idea to start a platform that gives quality startup support not just providing coaching but experience.Baur believes the topic of virtual and augmented reality will impact positively many industries in future. He encourages all entrepreneurs to be passionate about what they do to experience productivity in their business.
According to Mike Baur, the strategy that entrepreneurs should use is letting the market express in an early stage what it wants. Build an idea or prototype and test it on the market before the product. The market validation helps entrepreneurs develop the product based on the market feedback thus creating a marketable high-end product.
Moreover, Baur advises employers to manage employees on a very performance oriented schema and keeping the ownership for the decision-making stage. Mike Baur is passionate about helping startups achieve their dreams through his programs.