How Mike Baur uses his banking expertise to launch new startups

It comes as no surprise that someone with as much experience as Mike Baur would end up being such a perfect fit for the entrepreneurial world. After running his business degree he quickly moved on to a career in banking quickly becoming an expert. In 1991 he became an apprentice at the Union Bank of Switzerland (UBS). Throughout the 90s he worked for UBS banking and quickly rose through the ranks. Is hiring manager was impressed by his progress, outlining a career path at UBS that would be enviable to most. This simply was not enough for Mike Baur, eventually went on to start his own firm Swiss Startup Factory.

 

What Mike Baur quickly realizes that he could have so much more impact on the World by sharing his knowledge rather than working for a single company. It is for this reason he started Swiss Startup Factory in 2014 and has seen success thereafter. Founded with the mission to “Inspire & enable people to build sustainable companies and unleash entrepreneurial potential” the company has assessed and consulted with more than 2000 new startup businesses in just a few years they’ve been operating.

 

Success comes from a twofold process. Not only does Mike Baur’s company make money by consulting and supporting fledgling business, but they also gain insight into what market trends. In addition to this they are able to use these consulting jobs as a means to vet and consider new targets for investment. The combination consulting and capital has made the company a great success. They are able to filter through businesses with potential all while being paid to do it.

 

This tactical advantage has helped the company grow far beyond the capabilities of just Mike Baur himself. The cabin now partners with over 50 different direct employees, members of the advisory board, as well as mentorship partners from all industries, both native to Switzerland and abroad. Altogether Swiss Startup Factory has become the number one privately-financed business accelerator in all of Switzerland. What’s even more notable is how quickly these results were achieved. All of these shared results have come over just four years, and there is no sign of a company slowing down anytime soon.

 

We can’t be entirely sure just what is next for the Mike Baur and Swiss Startup Factory. There are surely more companies to partner with and even more opportunities for the company to expand outside of Switzerland. It will be interesting to see just what Mike Baur has in store for us next.