Learn from our community entrepreneurs! In this interview, Ross Orr shares the story of building and growing BacTech Environmental Corp., located in Toronto, Ontario, Canada.
Hi! Tell us about your business and what problem are you solving?
We use naturaly bacteria to replace smelting and roasting in the mineral processing industry. Its called bioleaching or bio-oxidation.
What's your backstory and how did you come up with the idea?
Developed at King's College, London, England
How do you motivate yourself to keep going every day?
I know the payoff will be huge.
What's your one biggest accomplishment as a business owner?
We have a commercial technology in the mining industry which is normally difficult to do.
What’s your one biggest challenge you face and how do you overcome it?
Permitting and financing. We have one permit left to obtain and we are going through the process of being a Green Bond issuer. Once we are accredited we will go out to raise US$20M for the Ecuador project.
What are your hiring strategies to build a successful business?
Find the best person for the job.
To anyone looking to start or grow a business today, what three tips would you give them?
Perseverance, perseverance and finally perseverance.