Mike Baur, the former Swiss banker, has been in the news a lot lately and for all the right reasons. Baur is the co-founder and managing director of the Swiss Startup Factory in Zurich. Baur has an excellent reputation in the banking industry. He is considered a financial as well as economic wiz by people in the private Swiss banking system. Baur spent 20 years in the banking business, and they were very profitable years. Mike accumulated a long list of wealthy clients that needed his advice.
When Baur worked for Sallfort, the private equity firm, he was playing in the big leagues, and he was in top form. But Mike always had an urge to venture out on his own and start a business. Baur discovered an untapped market when the FinTech companies started to pop up in the financial industry. The Fintech startups gave Baur the idea to start a business that helped other businesses startup. Baur meet with two friends, and he explained his idea and the concept behind his brainstorm. The men, Max Meister and Oliver Walzer, thought Baur had a brilliant idea, and they joined forces and started the Swiss Startup Factory.
The Swiss Startup Factory does what it names suggests. Baur and company help new companies get started in business using a three-month accelerator program. The accelerator program gives startups an intense appreciation for networking, capital funding, operations, accounting, human resources and everything else they will need to be successful. The Swiss Startup Factory provides office space, office equipment, Internet services, a workout room and good food while the program is in progress. Baur likes to focus on Internet startups in different industries because that’s where the creativity is coming from these days. But The Swiss Startup Factory will accept all types of businesses as long as the concept behind those companies make sense and is capable of turning a profit.
Several companies have completed the three-month accelerator program, and they are doing well, according to Baur. Baur likes to talk about the success stories that originated in his Swiss Startup Factory. Baur feels a sense of ownership in those companies even though he might not have an equity stake in them. But Baur and his partners do invest in startup concepts from time to time.