OSU REACH Improves Patenting Opportunities for Women
At current course and speed, it could take until 2092 for women to achieve parity in patent disclosures.
That estimate from the Institute for Women’s Policy Research (IWPR) in a recently published report, Closing the Gender Gap in Patenting, Innovation, and Commercialization: Programs Promoting Equity and Inclusion is not good news for advanced technology startups.
Entrepreneurs both depend on scientists and inventors to create and patent the disruptive and seek greater inclusion and diversity as a strategy to achieve better financial results.
What is good news is that in the report, IWPR identifies and discusses in detail seven initiatives for increasing the inclusion of women in the innovation economy. One of the seven is the REACH for Commercialization™ program at The Ohio State University.
REACH works with female faculty, postdoctoral researchers, and graduate students at The Ohio State University. The program runs a series of four workshops that discuss different aspects of the patenting and commercialization process in an academic setting. REACH also hosts networking events that help connect their participants with investors, entrepreneurs, and peers.
According to McKinsey & Company, for every 10 percent increase in racial and ethnic diversity on a senior executive team in the U.S., earnings before interest and taxes rise 0.8 percent.