Mike Baur has long been in the spotlight regarding his Swiss Startup Factory, and now publications have been referring to Baur as a Friborg. Having worked as a private banker for many years, he has now stirred the curiousity of private banks. This startup is more than a startup, made for startups. As the Co-Founder and managing partner of the SSUF, Baur is getting the attention of banks as he helps fellow entrepreneurs in their early startups, aiding them in finding the proper administrative guidance they need, along with the proper financing too.
This factory is what many refer to as the “rebuilding of Switzerland”. While Switzerland has always remained the core of financing along with London, it was still somewhat affected. Baur has found his voice in searching out how he can help young startups as they forge a path to building new businesses through helping these startups.
Baur’s mentor, Jean-Claude Biver, was a big help and fostered that desire within Baur to make this switch from his private banking career. It was his perpetual interest in the accelerator for startups that got the fire going inside Baur. With the help of others that are now turned ex-bankers, Baur is excited as they continue to build their program, focused on Fin-tech. This financial interest in the tech industry is a winning combination to get Switzerland in the lead for innovative businesses.
Baur was previously a private banker for USB, and investment banking firm in Geneva, Switzerland. Baur has acknowledged that there are other programs like the SSUF, however they are getting support from public authorities. Baur birthed this program out of the desire to start something that is private and independently managed. Now that jobs in the fin-tech industry comprise nearly 30% of the job market, Baur can see a bright future for his partners and the hungry entrepreneurs that they work with on a daily basis.
Baur admits that since he was young, he has always had the entrepreneurial spirit within him, anxious to create something bigger than himself. As a managing partner at UBS, he was a CEO just 8 years later for Clariden.