This week, Representative Comstock introduced the Study of Underrepresented Classes Chasing Engineering and Science Success Act of 2018, also known as the SUCCESS Act, which seeks to advance the cause of greater diversity in innovation and patenting.
BIO strongly support this and similarly focused legislative initiatives, and has long worked to expand participation in STEM education and biotechnology professions. Our member companies, as part of our Workforce Development, Diversity, & Inclusion (WWDI) Initiatives, have set as a goal “as an industry, [to] achieve significant increase in racial diversity, increase LGBTQ representation and achieve 50 percent representation of women at functional leader and C-Suite by 2025, (gender diversity improving from ~25 percent currently).”
We have also set as a goal, “as an industry, [to] achieve improved racial diversity, LGBTQ representation and achieve 30 percent female Board membership in Biotech by 2025 (gender diversity improving from 10 percent currently).” We believe these goals are achievable if we all work together.
Passage of the SUCCESS Act will help provide BIO data needed to make this industry more inclusive. BIO applauds Representative Comstock’s efforts to advance the cause of greater diversity in innovation and patenting.