Mike Baur understands what it is like to take an idea from its conception and turn it into something outstanding. He is, after all, a Founding Partner of the Swiss Start-up Factory. It is not uncommon to see reference to Baur’s extensive experience in the financial industry and understand how he came to be so heavily involved in a company that helps to get startups off the ground. What is often surprising to people is that the executive gave up his promising career to dedicate himself entirely to this endeavor.
The launch of the Swiss Start-up Factory occurred in 2014 in Zurich, Switzerland. It was seeking excited and innovative entrepreneurs that were in need of funding and advice for their digital projects. The company opened its doors to all types of startups from all over the world. The participants had to agree to take part in a 90-day program that includes coaching, networking and long term mentoring. There are many other benefits included and the process continues the same today as it did when it began.
Swiss-born Baur is a graduate of Bern University and the University of Rochester. In 1991 he began his official career with the Union Bank of Switzerland as an apprentice. Baur was only in his twenties at this time and already a noted financial expert. He worked within the industry and continued to advance his career. All the while he sought out startups and invested in their efforts when he found entrepreneurs with potentially lucrative ideas.
Baur was not impressed with the unbending traditions in the banking industry. He felt they left themselves vulnerable by remaining too strict about following outdated practices. He also wished to pursue his own dreams of entrepreneurship as he helped others to do the same. Baur teaches others at the Start-up Factory what he has already discovered through his own career. Adaptability is a necessity, risks and setbacks are common and nothing happens by coincidence. Progress is made only with a dedicated effort. Baur contributed that effort both to his banking career and with his start-up funding organization. He hopes to inspire others to give the same level of energy to following their own dreams.