Mike Baur is a man with an idea, a great idea. After spending 20 years in the Swiss banking industry and rising to an executive position, he decided to pursue something else. He wanted to take a different tack on life’s waterways. Baur decided that he could do more good for more people by mentoring those young business men and women and showing them how they could achieve success and how to climb the same stairs he had earlier climbed in banking.
He began the Swiss Startup Factory, a company dedicated to showing others the way to success. He realized that many good concepts and business ideas are never fully developed by young entrepreneurs, largely owing to financial problems. His idea was ingenious. Baur would hold competitions for business ideas and concepts and accept the best of these into his Swiss Startup Factory. When accepted the winners would receive a substantial sum for business development, Baur’s mentoring, office space, secretarial assistance, meeting space, and a large list of investors wanting to get in on the ground floor of the next big idea.
Baur began the Swiss Startup Factory in 2014 searching for digital entrepreneurs and those in the newly established “Fintech” industry. His three-month accelerator program is located in Zurich and is ready to help all the winners who are chosen after entering the program.
Mike Baur realizes that creating capital is the first and most necessary step in starting a successful business. He relies on his years of experience working for UBS and Clariden Leu in Switzerland to help all those interested groups pursuing their dreams. One requirement for admission into the program is that the newly formed company must include one other person in the business structure.
Baur is drawing together a group of investors, business people, and movers and shakers from Switzerland like tennis champion and Grand Slam winner, Stan Wawrinka, to make the Swiss Startup Factory a profitable plant producing viable ideas and life changing innovations.
Baur’s concept is offering opportunities to everyone with a great idea. His concept is about sharing and not about the struggle between the entrepreneur and the party providing the capital that previously had complete control over the venture.