If you happen to be someone who’s planning on designing a new app or have plans to build a company that will shatter ceilings that have not yet been reached, Mike Baur’s Swiss Startup Factory may be where you want to go. Baur is a Swiss businessman and innovator who went from banking to startup accelerating, and today thousands of young entrepreneurs come to the SSUF where they learn how to turn basic business ideas into operational companies. The way this happens is by enrolling n a three-month program that’s hosted twice a year at the SSUF and during that time taking part in challenging activities, learning how to pitch ideas for capital and being mentored on how to form a plan out of basic functional ideas.
Mike Baur says getting from the startup idea to execution phase is only part of the challenge because as time goes on, your business could succeed or fail based on the decisions you make, but he has tips on how to make it succeed in the long-term. He says first that you need to be out doing the groundwork making sure you’ve got the right team put together and building up your investor network because none of that will happen on its own. Second, he says your business is going to have to adapt when changes come because there is always technology coming that’s going to change things. And finally, he says you’ll be faced with risks that you must be willing to take because fear of failure will always keep you from flying.
Mike Baur spent over 20 years in the Swiss banking offices of UBS and Clariden Leu. He began while only a teenager who learned the ins and outs of investment accounts from the more experienced managers as an apprentice. He caught on quite well and by his early 20s was already taking on more responsibilities than most bank workers his age. He was commended by his superiors and won a lot of praise from UBS’s most respected clients. He stepped up to an executive management position at Clariden Leu for several years, but it was during this time that the recession happened and soon all the government regulations started pouring in and the reputation of banking started dropping. Baur decided he wanted to go elsewhere with his work, and in 2014 he and several other former bankers launched the SSUF. Baur says he loves what he does here because he spends little time in the office and most time out with exciting young people.