When talking about startups, big players in the Silicon Valley come to mind and not small companies in Switzerland. Not anymore, entrepreneur Mike Baur and the Swiss Start Up Factory is going to change that. Since he was young, Baur had been fascinated with banking and finance. After obtaining an MBA from the University of Rochester New York as well as an executive MBA from the Universtiy of Bern, the Fribourg Swiss worked twenty years with well-known private banks such as Clariden Leu and Sallfort. Then he quit banking and involved with the startup world as an angel investor. He hopes to bring the Swiss startup ecosystem up to par with the valley counterpart in an ever competitive market. Now he is able to pursue the passion of his youth to the fullest.
The Swiss Start up Factory, founded by Mike Baur, Max Meister and Oliver Walzer, is an incubator program tailored towards early stage startups. Don’t be fooled by its name, it is no traditional manufacturing shop but a breeding place for startups. The factory offers a three-month accelerator program, excellent co-working spaces for like-minded individuals, and financial advice from experts. Located in Zurich, the Swiss center for banking and finance, the factory is a place for the youth to explore entrepreneurship and cultivate startups in a supportive environment. Baur aids the youth both financially and as a mentor. Baur led the factory to partner with CTI Invest and Fintech Fusion, providing even greater resources for the local startup scene.
With CTI Invest, Mike Baur is taking his mission a step further to generate more exposure outside the Zurich area and hope to collaborate with regional players. CTI and Baur plan to co-organize startup-oriented events, create podcasts and video tailored towards early stage Swiss startups and organize personalized training for companies. Similarly, Mike Baur is working with Fintech Fusion to create a mentor network for Swiss university students who are interested in the startup world. Unlike American Universities near the Silicon Valley such as Stanford and the University of California Berkely, Swiss students don’t receive the kind of experience and support from startup veterans to succeed in their endeavor. By creating the incubator factory, Baur is essentially filling that role, allowing entrepreneurs in the area to thrive and go on to create successful companies.