Mike Baur, a successful businessman and entrepreneur grew up in Switzerland. He earned a degree in business attending two colleges, Bern University and University of Rochester. From there he began his banking career at the age of 16 becoming an apprentice at Union Bank in Switzerland. By the time Baur was 30 years of age he moved onto Clariden Leu, another Zurich bank.
But, Baur was a career-mined businessman and he was tired of all the red tape that banks had to deal with. He had a passion. He wanted to help young tech entrepreneurs with startup businesses. So Baur and Max Meister, a fellow graduate of Bern University founded a company called Swiss Startup Factory in 2014. The company was referred to as a “Factory.” People in factories word hard, so new businessmen in new startups need to work hard and be dedicated to be successful.
The Swiss Startup Factory is referred to as an incubator, in which the program provides mentor and training services for 3 months to new entrepreneurs. Baur and his partner conduct contests, in which the new entrepreneurs are able to pitch and present their products. This is held at a Swiss University and referred to as “Start Summiteer.”
Baur and Meister eventually created another firm, “Think Reloaded,” offering financial advice to new entrepreneurs. Both firms collaborated together to form a training and event day called Swiss startup day, which helps entrepreneurs gain financial funds.
During a recent interview, Baur stated, “Swiss Startup Factory is different from other incubators because it is independent. It doesn’t operate as a part of other businesses. The company does not worry about inferences or conflicts of interest. It receives better results due to the financial commitment of its investors. The cofounders invest substantial funds, so this gives them a major incentive to ensure the success of everyone involved in the organization.”
Swiss Startup Factory has made it possible for entrepreneurs to refine and implement new technology ideas. It promotes economic development by offering free office space and investment funds. Swiss Startup Factory also helps to expedite the process in helping the entrepreneur get there products into to the market at the right opportune time.