In 2014 Mike Baur and two partners launched the Swiss Startup Factory, located in Zurich, Switzerland. The Swiss Startup Factory offers a comprehensive three-month program designed to give budding entrepreneurs the opportunity to reach their ambitious goals. What is an accelerated startup company? Simply put, a startup accelerator is an organization that offers individuals much needed assistance and expertise to get their new idea off the ground and generating income. Financial help, mentoring and guidance are services offered by a startup factory.
Before opening the Swiss Startup Factory, Mike Baur worked in the Swiss banking industry for almost 20 years. Starting as a commercial apprentice at UBS, by 2008 he was an executive board member at Clariden Leu, one of the largest private banking firms in Switzerland where he played a prominent role in wealth management. Not satisfied with the status quo, he quit the banking industry and started investing in startup’s; before long the Swiss Startup Factory was born. Mike got part of his education in the United States, earning an MBA from the University of Rochester New York and later getting a second MBA from the University of Berne.
For enrollee’s of the Swiss StartUp Factory, there is one on one mentoring, financial assistance, office space, coaching, and access to an entrepreneurial network that is vital to their success. Having an office that presents itself in a professional manner is a big step in the right direction. The office space provided is second to none, located in the heart of Zurich; clients have the use of a welcome area, fitness center with locker room, co-working desks, meeting rooms, kitchen & lunch space, free WiFi and a video studio. Two startup’s Mike Baur and his team are currently working with include Pure Swiss Air, a company with the idea of providing fresh air for everyone, and upScale an online platform that will help small business owners organize to take better advantage of bulk-buying discounts. Mike Baur recently announced that in 2016 the company was successful in helping ten young Swiss companies form alliances with companies like the Goldbach Group, AMAG, and Red Bull Media House. Mike further stated the company has set up an advisory board that will recruit high-profile personalities to advise their clients. Board members are from education, business and banking, there are already over 50 of the most respected business figures in the world involved.
The Swiss Startup Factory is now the number one privately financed and independently owned startup accelerator in Switzerland. Mike Baur continues to spend much of his time helping young Swiss entrepreneurs both financially and as a mentor. Mike is currently the Director of the Swiss Startup Association.