Paterson has been the recipient of The Globe and Mail's "Top 40 Under 40 Award"[2] and, in 2007, was recognized by Newsweek magazine as one of the 17 people in its "Who’s Next in 2007" article.

Today, Paterson's business efforts are devoted between leadership roles at Engagement Labs Inc. and Lions Gate Entertainment Corporation.

G. Scott Paterson was raised in Ontario by a single mother who worked as a teacher at Lakeport High School.

[4] As a child, Paterson was sparked with an early interest in the stock market when his grandmother one day bought him five shares of Abitibi Paper.

After being recruited by the Richardson Greenshields firm in 1987,[7] Paterson landed a position as a senior investment banker at Midland Walwyn Inc, a newly formed brokerage company.

[7] Paterson was considered the "IPO King" at Midland,[8] and was considered for the role of head of investment banking when late in 1994, Midland Walwyn President Peter Wallace and his allies attempted to gain control of the company and unseat then chief executive officer, Bob Shultz.

Veteran banker Bob McLeish was given the head of investment banking role and Paterson began to look for an alternative venue to build a tech-focused boutique brokerage firm.

As chairman, Paterson pulled the company into "tech stocks just in time for the Silicon Valley gold rush of the late '90s".

As part of the agreement, Paterson was asked to pay $1.1 million Canadian dollars to the commission and was barred from trading for six months.

The OSC head of enforcement Michael Watson said "the information before the commission on which Paterson settled did not involve the breach of securities law.

[20] Paterson previously served as vice chairman of NeuLion Inc., a company that provides video content to Internet-connected devices for sports leagues such as the NHL, the NFL, the NBA and the UFC.

FutureVault provides clients with a platform to securely store, organize and share their personal, financial and legal information and documents.

[26] At the public announcement of his donation, Paterson described the impetus for his gift to the school in this way, "Ideas may start here that lead to discoveries that will extend or perhaps even save lives ...

"[26] In 1998, Paterson was the recipient of Canada's "Top 40 Under 40 Award", which is presented to "exceptional Canadians under the age of 40 who are outstanding leaders in their chosen fields and who are shaping our country's future".