Swiss Startup Factory (SSUF) is a Fintech company that was founded to provide young, talented burgeoning entrepreneurs in Switzerland a platform that provides them business guidance to ensure they meet their milestones. SSUF is a goal-oriented entity that aims at creating a professional execution platform that guides young entrepreneurs through a dedicated business-driven process to provide efficiency in achieving goals.
Mike Baur and two other partners, Max Meister and Oliver Walzer in 2014, founded SSUF. Mike currently serves as the company’s Managing Partner. The company is known to be the first of its kind in Switzerland; an early stage ICT Startup accelerator.
The partnership and inclusion of Mr. Hartweg is a strategic business move that aims at utilizing Mr. Hartweg’s investment expertise. Mr. Hartweg is an astute investor. He is experienced at selecting and evaluating talent in different fields whether sports, technology and even in finance. He is also a Co-founder of Fintech Leonteq, which has entered a partnership with SSUF. Mr. Hartweg’s core role as an executive advisor will be to select, analyze and evaluate Startups to determine whether SSUF should invest in them.
Upon the partnership announcement, Mr. Hartweg claimed that there had been remarkable growth in the Fintech industry in Switzerland with many Startups. Few, however, have the capacity to compete in the global marketplace according to him. He further added that the aim of SSUF was to bridge that gap to help the Startups compete globally.
In the press release, Mike claimed that the partnership with Mr. Hartweg would further strengthen the innovative power of the country in the Fintech industry. He also wants to ensure that Switzerland remains a leader for digitization in the financial sector.
Mike is also a venture capitalist. He invests time and money in Swiss youth entrepreneurship supporting Startups as a mentor and a financier. He is both a Co-Founder and a Director of the Swiss Startup Association.
Background of Mike Baur
Mike Baur is a native Swiss businessman and entrepreneur. He attended the University of Rochester in New York where he earned a Master’s Degree in Business Administration. He also attended the University of Berne where he earned an Executive Master’s Degree in Business Administration. Before spreading his entrepreneurial wings, Mike worked in the banking sector for over 20 years. Mike worked at top banking institutions such as Clariden Leu and Sallfort where he left to pursue his ambition of financing and mentoring young Startups in the country.