How Mike Baur left the banking industry to venture in tech entrepreneurship

According to Wall Street Journal, Mike Baur joined banking at an early age of 16 years after graduating from Bern and Rochester Universities. The Freiburg born Swiss has led his life in business and entrepreneurship. There are not many people who started their working careers as Mike Baur did because he was an apprentice at the Union Bank of Switzerland in 1991 at I6 years. Baur worked in the banking Industry for the better part of the 1990’s and even before hitting 30 years, he was already promoted to the Advisory Board. He would offer wise advice to many wealthy Swiss investors including then country’s wealthiest people. However, in 2008, Mike Baur left Union Bank of Switzerland for Clariden Leu Bank having propelled UBS to high levels of success. He was posted to Zurich Office. During his tenure at Clariden, Mike worked for six years in a senior position at the bank. The wealth management advisor decided to throw in the towel in banking in 2014. He decided to follow his dream of helping new tech entrepreneurs.

 

 

Through his partnership with Max Meister, they founded Swiss Startup Factory in the same year he left banking, 2014. They had graduated together from Bern University. The reason behind forming the incubator program was to assist young business owners and technology startups to achieve their goals through mentorship and training. The incubator also helps the startup with funding and has benefited much from the availability of rent-free offices where it accommodates the trainees. The training program takes three months where the startups are educated on marketing techniques. Apart from being taught on how to get funds from top investors, they also connect with other tech entrepreneurs. The training programs benefit them on a long-term basis. Mike Baur ensures that his trainees come out of his mentorship program so much better than they were when joining incubator. He assures participants that they ideas are worth as long as they follow his mentorship program.

 

 

During the START Summiteer a pitching contest which was held in 2014 in one of the universities, Mike was a juror, and since then he encourages young startups to participate as a way of getting funding. The participants are given a chance to present their business ideas and the jurors rate them and decide the winner. However, the qualifying firms are those that have less than $1 Million in their project funding. Through Baur’s participation, Swiss Startup Factory won confidence from many investors.

 

 

Mike Baur Leads Swiss Start Up Factory

Swiss entrepreneur Mike Baur has had a long and successful career helping numerous businesses achieve financial success. Baur started off as a bank professional in which he would issue loans to aspiring entrepreneurs. As well as providing financial and banking services to businesses, Mike would also participate in start up investing which led him to receive highly profitable returns. Both his experience in banking and investing in start ups gave Mike an idea for his own business. By the year of 2014, Mike would start up his own company called Swiss Start up Factory. This company helps provide funding and mentoring to new businesses that are looking to begin operations. So far this company has been quite successful and has added to Baur’s track record of providing valuable assistance to businesses.

 

For twenty years Mike worked in the banking industry in which he would help a number of businesses. As a bank professional, Baur would meet with business owners and help them find ways to finance their operations. With entrepreneurs, Baur would give them feedback on how much money they need in order to start up their companies. He would also evaluate their profit potential in order to determine what funding is available to them. As well as providing entrepreneurs with start up capital, Mike would also work with established businesses that were looking for funding to expand. He would provide them with loans so that they can build on their success in the immediate future.

 

After working in the banking industry for over twenty years, Mike Baur decided to begin investing in start up companies. His experience in banking allowed him to realize the potential of start up companies. As a result, he looked to invest his own funds in order to take advantage of the high profit potential of this venture. Fortunately for Mike, he would receive high returns on his invested capital and therefore experienced much success with start up investing. As well as receiving profitable returns, Mike would also use this venture to help develop the business model of his new company Swiss Start up Factory.

 

In 2014, Mike Baur took the next step in his career as he would advance to entrepreneurship. He founded Swiss Start up Factory which helped new businesses get the mentoring and financial resources to maximize their potential. Baur’s company evaluates business ideas submitted by entrepreneurs and then agrees to give them capital as well as advice. This then helps these entrepreneurs make their companies as successful as they can be.

Visit the site Founder Stories to know more about Mike Baur.