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‘Bay Street genius’ entrepreneur awards keynote speaker

By Standard Staff

G. Scott Paterson

G. Scott Paterson

The Niagara Entrepreneur of the Year Awards have scored a Bay Street “genius” for the organization’s 20th anniversary nominee breakfast.

St. Catharines raised G. Scott Paterson will give the keynote address at the breakfast Nov. 28.

“Scott is a Bay Street icon,” NEYA chair Keith Cumming said in a release. “He has raised more money for Canadian technology and media companies than anyone in history.”

The 49-year-old Paterson was raised by a single mother who was a teacher at Lakeport High School. He attended Ridley College for grades 12 and 13 with the assistance of school bursaries.

He developed a love of the stock market when his grandmother bought him five shares of Abitibi Paper when he was 14.

“Most of my friends got new bikes for their birthday and, instead, I received a share certificate,” Paterson said in the release.

He went on to graduate from the University of Western Ontario and began his career as a stock broker in Toronto with Dominion Securities Pitfield.

A year later, he started his venture capital career with the launch of Patcor Capital.

He moved on to corporate finance and in 1995 was recruited to join Yorkton Securities. He became Yorkton’s largest shareholder and built its technology-focused institutional business from $3.7 million in 1995 to more than $125 million in revenue in 2001.

In 2002, Paterson left Yorkton to focus on nurturing a number of his own investments, including Lions Gate Entertainment, which today has a $4.5 billion market value.

His primary business focus these days is chairman of technology company Symbility Solutions, a director of Lions Gate and vice-chairman of NeuLion Inc.

In the autobiography Here Be Dragons, author Peter C. Newman calls Paterson a “Bay Street genius.”

Tickets to the breakfast in the Stone Mill Ballroom on Merritt St. are $35. For more information visit www.niagaraentrepreneur.com or call 905-688-5757.


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