Many entrepreneurs have useful and smart ideas in their particular area expertise. Whether it be a small-town mechanic with an innovative new product to help fix aging cars, or a group of young professionals that want to start the next great health food restaurant chain, great ideas in this world are almost boundless. However, these great ideas remain just that if the entrepreneurs behind them don’t receive financial and business management assistance. That is where Mike Baur steps in and provides the assistance that so many up-and-coming ideas desperately need.
Baur is able to provide clear, concise and quality business information to new start-ups due in large part to his financial education and work experience. His collegiate career started off with a Bachelor of Applied Science in Banking and Finance from the University of Applied Sciences Bern in Switzerland. Then Baur followed up this degree with two MBA degrees. He received a traditional MBA from the University of Rochester in New York and an Executive MBA from the University of Berne in Switzerland.
Baur used the education garnered from these advanced degrees in the financial Industry. Being Swiss, he started his career in the Swiss private banking sub-industry. He worked for large, worldwide banking companies such as UBS and Clariden Leu, which would later be merged with Credit Suisse. After twenty years of working for these large banking institutions, Baur decided to start his entrepreneurial career.
In 2014 he co-founded the Swiss Startup Factory, with his business partners with Max Meister and Oliver Walzer. Based in Zurich, the company is described as an accelerator for new ideas and businesses. At the base of the company’s philosophy of helping start-ups get up and running is a unique three-month program. During this time, the company provides office space within the city of Zurich, mentoring to the start-up’s owners and networking tools to help spread the word about the new start-up. While the Swiss Startup Factory may not directly be responsible for the genesis of new products or businesses, it is immensely valuable and crucial for new entrepreneurs. Without this company, many new start-ups would just be dreams on paper.