One of the most notable Swiss entrepreneurs in the Information and Communication Technology sector has to be Mike Baur. The man is a brilliant businessperson with remarkable discipline. After working in the banking industry for long enough to amass a wealth of capital, the enterprising individual also accrued immense experience in the ways of setting up shops. Mike Baur went to school and made it to the University. He learned plenty of specialized skills during his undergraduate studies. Then, he went on to achieve a Master of Business Administration Degree from the University of Rochester. In his endeavors to serve the people, the University of Berne acknowledged his contribution in the field and awarded him an Executive MBA. Not content with the education that he had amassed, Mike Baur sought to accrue more knowledge by picking the minds of the wealthy clients for whom he rendered his banking services. After twenty years of displaying his in-depth knowledge in the banking industry and learning investment disciplines, the 39-year-old left his career in the year 2014. He was not content with the conservative nature that the private banking industry operated on. He wanted to grow his home country by forging his path in the field of entrepreneurial startup acceleration.
Mike makes it public that his years as a banker were too traditional for his liking but critical for his growth as an entrepreneur. His experience grew not only his capital base but also his knowledge and networking. He also came across Swiss Trust Fund babies who were brilliant but dormant due to their sheltered backgrounds. They, however, were progressive enough to take his advice and indulge in ICT enterprises. His conviction that the wealthy third generation had to utilize their wealth to grow the ICT sector of the economy and bring innovation to Switzerland led to the inception of his start-up acceleration enterprise. Sooner rather than later, immediately he felt stable enough and organized enough, he co-founded the Swiss Startup Factory.
The Swiss Startup Factory is the leading Swiss startup accelerator in the ICT sector. The incubation and accelerator factory is the only one in Switzerland that enjoys independent operations because it is privately financed. Due to its independence from timid shareholders and other rigid stakeholders, the company is flexible in its practices and efficient in its decision making. Mike Baur is the factory’s managing partner who not only provided inspiration and networking during its inception but also fundraising, financing and financial organization from his background in the banking industry. As the managing partner, Baur invests a good time nurturing entrepreneurship from Swiss youths. He nurtures them by allocating their innovative startups with fiscal investment and mentorships.
The Swiss Startup Factory incubates and accelerates innovative startup companies through giving them certain providence in exchange for some equity. The providence include
- provision of office space,
- and financing.
The Swiss Startup Factory, with the contribution of Mike Baur, has partnered with the University of St. Gallen, CTI and the Goldback Group.