10 Things You Didn’t Know About Terence (Terry) Matthews

Terence (Terry) Matthews is a renowned Canadian-Welsh entrepreneur and philanthropist. With a remarkable career spanning several decades, he has made significant contributions to the telecommunications and technology industries. Known for his exceptional entrepreneurial spirit, Terry Matthews has founded or co-founded over 100 companies, making him one of the most influential figures in the business world. While many are familiar with his accomplishments, there are some interesting facts about Terry Matthews that may surprise you. In this article, we will delve into 10 things you didn’t know about Terence (Terry) Matthews.

1. Early Beginnings

Terry Matthews was born on June 29, 1943, in the small town of Newport, Wales. His father was a coal miner, and his mother worked in a factory. Growing up in a working-class family, Terry developed a strong work ethic from an early age. He excelled academically, particularly in mathematics and science, which fueled his passion for technology.

At the age of 16, Terry moved to London to attend the University of Wales Institute of Science and Technology (UWIST). During his time at UWIST, he discovered his knack for entrepreneurship by starting a small electronics business from his dorm room. This venture marked the beginning of his incredible journey in the world of business.

2. Early Ventures

After completing his degree in electronics at UWIST, Terry Matthews began his career working for various technology and telecommunications companies. He gained valuable experience and knowledge in the industry, which eventually led him to co-found Newbridge Networks in 1986. Newbridge Networks became a pioneer in digital telecommunications and played an instrumental role in the development of the internet.

In 1999, Alcatel acquired Newbridge Networks for a staggering $7.1 billion, solidifying Terry Matthews’ reputation as a successful entrepreneur. This significant milestone was only the beginning of his involvement in numerous ventures, further cementing his position as a prominent figure in the tech industry.

3. Entrepreneurial Spirit

Terry Matthews is widely known for his entrepreneurial spirit, having co-founded or invested in over 100 companies throughout his career. His passion for technology and innovation has driven him to explore various industries, including telecommunications, software, and clean energy.

Some of Terry’s notable ventures include Mitel Networks, March Networks, and Wesley Clover, an investment firm that supports emerging technology companies. His diverse portfolio demonstrates his ability to identify promising opportunities and nurture them into successful enterprises.

4. Philanthropic Endeavors

Beyond his entrepreneurial accomplishments, Terry Matthews is also deeply committed to philanthropy. He has donated substantial sums of money to various causes, particularly in the fields of education and healthcare.

One of his notable philanthropic initiatives is the Terry Matthews Foundation. The foundation focuses on supporting educational programs and scholarships, enabling underprivileged students to pursue their dreams and gain access to quality education. Terry’s dedication to giving back to the community underscores his belief in the transformative power of education.

5. Recognition and Awards

Terry Matthews’ contributions to the business world have not gone unnoticed. He has received numerous accolades and awards throughout his career, recognizing his remarkable achievements and entrepreneurial vision.

Some notable awards include being named an Officer of the Order of the British Empire (OBE) in recognition of his services to the telecommunications industry, being inducted into the Canadian Business Hall of Fame, and receiving the Order of Canada. These honors highlight Terry’s significant impact on both the Canadian and global business landscapes.

6. Passion for Wales

While Terry Matthews has achieved fame and success on an international scale, he has never forgotten his Welsh roots. He maintains a strong connection to his hometown of Newport and continues to support economic development in Wales.

Through his philanthropic efforts and investments, Terry has played a vital role in fostering innovation and job creation in Wales. His love for the country is evident in his commitment to Welsh businesses and his efforts to ensure that young Welsh entrepreneurs have access to the resources and support they need to succeed.

7. Love for Sports

Beyond his business endeavors, Terry Matthews is an avid sports enthusiast. He particularly enjoys golf and has been actively involved in supporting the sport in various capacities.

He sponsored the Wales Open, a prestigious golf tournament, for many years, showcasing his dedication to Wales and the sport. Additionally, he has founded a golf resort in Canada, The Marshes, which has gained recognition for its stunning golf courses.

8. Renewable Energy Advocacy

Terry Matthews has long been an advocate for renewable energy sources and sustainable practices. Concerned about the impact of traditional energy production on the environment, he has invested in numerous clean energy companies.

His commitment to sustainability extends beyond business ventures, as he actively promotes green initiatives and encourages others to embrace renewable energy solutions. Terry’s investments in this sector reflect his desire to create a better future for generations to come.

9. Impact in Ottawa

Ottawa, Canada, has become Terry Matthews’ chosen home over the years. Through his various business ventures and investments, he has made a significant impact on the local economy.

His contributions have been particularly beneficial to the technology sector in Ottawa, known as the “Silicon Valley of North.” By fostering innovation and providing support to emerging tech companies, Terry has helped transform the city into a hub of technological excellence.

10. Commitment to Mentorship

Terry Matthews strongly believes in the power of mentorship and giving back to the next generation of entrepreneurs. Recognizing the value of guidance and support, he actively mentors young innovators and shares his expertise and experiences.

Through his involvement with Wesley Clover, Terry provides mentorship and financial support to aspiring entrepreneurs, helping them navigate the challenges of starting and growing their own businesses. His commitment to mentorship is a testament to his belief in the importance of passing on knowledge and fostering the entrepreneurial spirit.

In conclusion, Terence (Terry) Matthews is a remarkable entrepreneur and philanthropist who has left an indelible mark on the technology and telecommunications industries. From his early beginnings to his significant ventures and philanthropic endeavors, his impact is undeniable. Terry’s commitment to entrepreneurship, sustainability, and mentorship serves as an inspiration to aspiring entrepreneurs worldwide.

Useful Links:

Wesley Clover Official Website
Terry Matthews Foundation
Terry Matthews on Britannica
Terry Matthews’ Impact in Ottawa