Mike Baur is an entrepreneur and businessman of Swiss origin. He has been in the banking industry for over 20 years. During his working experience, he has worked for UBS and Clariden Leu. He resigned to start helping start-up companies realize their goals. In 2014, he teamed up with Max Meister and Oliver Walzer to start the Swiss Startup Factory. Mike Baur is the managing partner of the Swiss Startup Factory.
Mike Baur’s main aim of starting the Swiss Startup Factory is to help in the creation of new companies in Switzerland. The other reason was to ensure that the young entrepreneurs in the Switzerland are able to work hard to achieve their entrepreneurship goals. The Swiss Startup Factory is a way in which Mike Baur and his other co-founders give back to the Swiss community.
What makes Swiss Startup Factory differ from other business incubation companies is, all three co-founders of the company have their interests vested in the success of the company. They use their own finances to run the company and ensure that the young entrepreneurs succeed in their goals. Swiss Startup Factory is an independent business entity, in that, they do not have to please any stakeholder in conducting their business. Most business incubation companies tend to work under set guidelines by their stakeholders, this tends to dilute the training processes in a bid to stick by the set rules.
Swiss Startup Factory uses the already set up economic structure of Switzerland, Mike Baur terms this as the best ecosystem in the world. How the country fails to have successful young business innovators puzzles Mike. After spending a lot of time observing and studying Swiss businesses, he realized that most young entrepreneurs are unable to execute the innovative business ideas that they come up with. Poor professionalism skills when it comes to people working together, and setting up business ideas is another reason as to why there are few young entrepreneurs in Switzerland. This leads to young business innovators to miss funding opportunities from willing investors.
Mike Baur got his motivation to assist grow young businesses from the number of successful entrepreneurs that he met during his employment days as a banker. The passion and hard work that they put into their businesses helped them succeed. Mike Baur believes that you can teach entrepreneurship in a formal setting to create awareness, but you cannot teach entrepreneurship to a person to create the mindset of an entrepreneur. Jean Claude Biver is Mike Baur’s role model when it comes to entrepreneurship. He learned a lot from watching him work hard relentlessly, regardless of the fact that he was already a successful businessman.