Many great ideas never see it past the theory phase, and even more early-stage startups fail due to a lack of direction, running out of funds, or not having the network that they need. Through his work at the Swiss Startup Factory, Baur is helping young Swiss companies that are in the early stages of inception to navigate these challenges successfully. Mike Baur is no stranger to the Swiss business world, as he was an investment banker for 20 years. Now, through his work with the startup accelerator, he is helping entrepreneurs be successful in a much less stodgy industry.
The Swiss Startup Factory works with early-stage startups for three very intensive months. It is during this time that they receive mentorship from the leadership team of the accelerator. SSF also makes sure that all of the basics are covered, such as office space and administrative services. Baur, as Cofounder and Executive Chairman, handles the fundraising and financing rounds for the accelerator. The accelerator also provides access to a vast financial and entrepreneurial network that will serve them both during their time at the accelerator as well as into the future. The networking opportunity is incredibly impactful on the future of the early-stage startups as it can put them into contact with financial and business partners.
Mike Baur began his professional career as an investment banker. He has worked at the giant financial institution, UBS and was also a member of the Executive Board for a Private Swiss Investment Bank. The idea for the startup accelerator struck in 2014 and Baur, along with two partners founded the Swiss Startup Factory. The early-stage accelerator is part of his ongoing passion for the tech industry and for the next wave of entrepreneurs. In addition to his work with the Swiss Startup Factory Baur is also a co-founder of the Swiss Startup Association where he currently maintains a directorship.
It will be interesting to see what challenges Baur takes on next. His belief in the abilities of the young Swiss entrepreneurs continues to spur his drive and creativity. With his work in the tech and startup industries, Baur keeps himself very busy and in spite of this fact, he is always open to help others as much as he can. Baur remains at the forefront of the Swiss tech industry and is thrilled with all of the progress that the Swiss entrepreneurs make.