In the spirit of offering support to young talented entrepreneurs, Mike Baur has come up with a facility where these entrepreneurs can be incubated for six months. Launched in 2014, the Swiss Startup Factory has managed to mentor more than 100 startups and due to its impact in creating successful entrepreneurs, it has been ranked as the most successful incubation facility in Switzerland. When he chose to pursue entrepreneurship, many people thought he made a bad decision because he left a successful career in banking to venture into entrepreneurship. But his decision was not only good for himself, but also others who had the ideas but lacked the support to make their dreams a reality.
In 1991, young Mike Baur went out to look for a job in banking. He was spotted by the Union Bank of Switzerland and due to his zeal to pursue his career, they offered him a chance through apprenticeship. He would turn out a talented banker and the bank hired him. This was after he had just pursued a business course at the Rochester University. From the time he joined UBS in 1991 to 2008, Mike Baur diligently served ensuring all his roles were performed with a sense of finesse. This earned him respect among his peers and the bank appointed him into an advisory position.
In 2008, Mike Baur left UBS and few weeks later joined Clariden Leu, a bank that would appoint him to serve at a high-ranking position. He worked at Clariden Leu for six years and at the age of 42 years, he decided it was enough with banking. He left his career albeit at a time it was at its peak so he could pursue entrepreneurship. His first steps included investing in startups, but he saw this as not so efficient, so he joined Oliver Walzer and Meister to establish the Swiss Startup Factory, an incubation hub for upcoming entrepreneurs.
The Swiss Startup Factory is now among the most established incubation facilities in Switzerland. Its success has seen many young entrepreneurs get the much needed support to put their ideas to action. After establishing the Swiss Startup Factory, Mike Baur worked as a member of the jury, who are tasked with looking into the pitches submitted by applicants and vetting them through to pick those with ideas that are promising. He is now among the most respected entrepreneurs in the country for his role in supporting upcoming talent.