Mike Baur is a Swedish-born national whose citizenship is still dear to him. His interest in banking and finance began when in his teenage years. The great ones always make their decision early. He was able to turn a passion into a profession.
Mike spent two decades, earning his credits in a Swiss Private Bank. He made his way up the corporate ladder. From an intern in the large UBS bank, then soar to become an executive board member. For someone with this level of success, the question remains, why he decided to venture into the world of entrepreneurship.
Together with two of his friends, they founded a startup. The startup has met widespread success. It is the number one privately financed ICT startup facilitator in Switzerland. His time is spent between mentoring and supporting youth groups.
The Swiss startup factory has drawn the best brains in the financial technology space. Martin Hartweg worked for Leonteq. The lure of the Swiss Factory made him jump ship. Hartweg has been quoted saying he would invest in specific companies within the organization.
The accelerator program is set to launch in August. The initiative will focus on financial and technology companies. To bring this youth revolution into reality Fusion, a facilitator in the space has come onboard. Most wonder what Michael Hartweg brings the table. According to Mike, the relationship will raise creativity in Sweden. Sweden is poised to become a digital and technology hub.
SSFU stand out from competitors by their three-month program. The program is already a success. The cooperation between SSFU and the Goldbach group. Five teams of participants took part in a Demo Day. A graduation ceremony was held where participant pitched potential investors.
The three-month program saw participants expertise put to the test. Potential business ideas were pitched to Investors and partners at Goldbach. Beaconsmind came out of the Boot camp with an investor. Beacons are transmitters which enable internet connectivity via Bluetooth.
What do participants of the program have to look forward to? Beaconsmind will receive funding from Goldbach. The groups CEO said the company was lucky to find the startup. Beacons is a perfect match. The beacon system can easily be integrated into the different offers Goldbach offers.
SSFU Initiative in Switzerland can be compared to Silicon Valley in the US. The goal for both is to create an ecosystem which encourages digital technologies. The term used by Americans is frenemies. For the sake of innovation, competitors come together and become partners.
Mobile technology is the future. A beacon system makes it possible to exchange information between gadgets. To say the company will be a source of profits is true. However, work still needs to be put in.