Mike Baur has long held a position in the private banking industry. Since childhood, his lifelong passion was in financial and banking services. He eventually attended the University of Rochester in New York to receive his MBA. Immediately after, he spent 20 years in the private Swiss banking industry. Over time, he moved up the ladder to hold an executive position at one of the country’s largest private banks.
He felt that he was best able to lend his services by offering advice to young companies. As a result, he becomes a co-founder of the Swiss Start Up Factory. This organization funds and offers advice to new and promising digital startups around the country. After applying, a batch of companies will be chosen to be given personal help from some of the leading Swiss entrepreneurs and business men, including Mike Baur.
There are several different groups that offer similar services, and recently, the Swiss Start Up Factory joined one of them. The Fintech Accelerator Fusion was made to close the gap between the French and the Swiss German components of startups around Switzerland. Together, the accelerators will work to fund all different forms of digital startups around the country.
The two different accelerators complement each other well. They both offer unique insight into the early and prototypical phase of a startup. Together, the two new accelerators will collaborate on the selection process for new companies in order to ensure the best companies are chosen throughout all of Switzerland. In addition, this new cooperative will work closely with universities in the country.
The reason such a cooperative was necessary was because, as Mike Baur put it “linguistic diversity and … regional separation, Switzerland often lacks effective efforts to concentrate these very strengths and resources.” In effect, because of the diversity of the country is so great, it has trouble connecting all the different components of the country into a cohesive entrepreneurial output. Now, however, they can.