Here’s Why Mike Baur Ditched His Banking Career to Follow His Passion

Mike Baur, co-founder of Swiss Startup Factory, is a prominent businessman and entrepreneur. Having worked in the banking sector for over 20 years, Baur decided to pursue his passion for helping startup tech entrepreneurs. He quit his banking job which he started when he was 16 years old. In 2014, Baur together with his colleagues, Max Meister and Oliver Walzer, co-founded Swiss Startup Factory (SSUP). Baur participated as a juror in the startup pitching contest of the University of St Gallen. Baur also served as a managing director when SSUP partnered with CTI Investment in 2016. Same year, Baur facilitated the growth of SSUP with Goldback Group in its partnership with Fintech Fusion.

Baur holds a business degree from Bern University and the University of Rochester. While working at UBS as an expert financial advisor, Baur resigned in 2008 and moved to Clariden Leu where he worked for 6 years. Baur then thought of pursuing his passion for helping startup tech entrepreneurs. In February 2014, Baur and his colleagues co-founded SSUP to provide mentorship and training services. SSUF also provides funding, office space, marketing and networking opportunities to fellow tech entrepreneurs.

Baur also encourages startup companies to participate in pitching contests where he serves as a juror. The competition, known as START Summiteer, helps firms of less than $1 million funding to showcase their businesses to potential investors. Baur’s contribution in the contest has largely recognized SSUF as a successful business incubator.

Additionally, Baur also started Think Reloaded, a company that provides financial advice to clients. Baur served as the deputy managing director when CTI Investment collaborated with SSUF. The duo offer training and organize for Swiss Startup Day. SSUF also linked up with BV4, an organization that evaluates the monetary values of ideas, inventions, and intellectual property.

Baur, in his recent interview, pointed out that SSUF is an independent firm and that’s why it has become successful when compared to other business incubators. The firm has also achieved its success through its committed leaders who invest heavily in the firm and other companies that it operates with. Baur also noted that startups must be willing to work hard for them to succeed.

Mike Baur, a Switzerland entrepreneur, and businessman quit his banking career to pursue his passion for helping tech entrepreneurs succeed in starting their companies. Baur, a business degree holder, founded Swiss Startup Factory to mentor the startup companies, offer training and financial services. Through his START Summiteer contest, Baur encourages new firms to participate in attracting potential investors. Baur advocates his success to hard work and encourages all startup companies to do the same.