Summary of Business:Oriel Marine Extracts has evolved from a Sea Salt harvesting company into a Life Science company extracting high value Magnesium and Minerals in a unique and exceptionally Bioavailable form directly from Sea Water through a proprietary system that has been patented on four continents. Oriel provides unique nutritional solutions to both oral and topical applications in medical device, food, beverage and skincare applications.
What led you to starting your business?A keen interest in all things marine from an early age would eventually bring the two founders of this company together. Brian Fitzpatrick and John Delany began what was originally a Sea Salt harvesting company with a difference. They developed technology that would harvest the Sea Salt very differently to everyone else. A Sea Salt that was crystal white, exceptionally pure with an intensity that delivered a powerful yet subtle taste profile.
The by-product from this Sea Salt turned out to be very unique indeed and has transformed Oriel into the life science space supplying applications from medical devices to skincare to functional nutrition in food and beverage.
How did you raise the funds you need for your business?Hard work, perseverance, saying no to the bad and yes to the good and being lucky enough to have more good than bad.
What is the most significant lesson you have learnt in running your business?Listen to the wise but always trust in your gut.
What has been the proudest moment in your business so far?Realising that the science and research were not just real but were potentially game changing in the direction and future of our business.
What have been the biggest challenges in your business to date?Research and Finance. Understanding that we needed a lot of research which would require a lot of finance.
What advice would you give aspiring entrepreneurs thinking of starting a business?Be willing to listen but to also be pragmatic about the advice you take on board. Surround yourself with good people as advisors, sounding boards, friends and partners.
What’s the best business book you’ve ever read?You're the Greatest : How Validated Employees Can Impact Your Bottom Line by Francis X Maguire.
Who is the entrepreneur you admire the most?John Teeling
What’s your website?https://www.orielmarineextracts.com
What Social Networking sites does your business use?https://www.facebook.com/OrielSeaSaltCompany/
How has the SFA helped you in your business?SFA has been very helpful through their awards, networking and advice platforms.
Contact details:Brian Fitzpatrick
Oriel Marine Extracts
Address: Port Oriel, Clogherhead, County Louth