Mike Baur was 16 years old when he started his career at UBS Group AG, as an apprentice. One day, the personnel manager took him aside and showed him a chart which laid out his entire career up until retirement. From that day on he followed it to the letter, going from promotion to promotion until he found himself part of a group researching innovative ways to recruit wealthy investors.
The work he completed at the firm resulted in growth at a neck-breaking pace that is until the economy fell apart at the onslaught of the financial crisis. In 2008, when the Swiss government stepped in to save UBS, the firm turned their attention towards downsizing to stay in business. At this time in his career, Mike Baur left the firm to work for Clariden Leu. After six years he would decide that it was time to follow his aspiration and invest in the talent of startup businesses.
As Mike Baur built out his new company, Swiss Startup Factory, he found a lot of those who applied to his Accelerator Program were former bankers. This unexpected turn of events was due to an increased in regulations post-financial crisis and a number of scandals that came to light, which made the industry less attractive to those seeking long-term careers. As any good businessman would have it, this was an opportunity Mike Baur could not pass up. He developed methods to help these kinds of people realize their full potential beyond that of the banking sector in Switzerland.
The idea behind his new firm was to help startups grow into successful businesses, based on the ideas they already had in place. Mike Baur considered his position akin to that of a manufacturer that produced new companies instead of new products.
As Swiss Startup Factory evolved, it was ahead of any other as it remained highly innovative in its approach to support fledgling startups, but as a weakness, it was difficult to implement these strategies in ways that made it clear to investors in a professional manner the opportunities that were available with these new companies. With his eyes set on achieving their goals, Mike Bauer remains passionate and determined. He believes you can teach people what it takes to be an entrepreneur, but you cannot show them the mentality they need to be one.
No stranger to hard work, Mike Baur continues to push forward and become a positive force in impacting the ecosystem of businesses in Switzerland.