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MIT Future Founders Initiative announces prize competition to promote female entrepreneurs in biotech

The $250K MIT Future Founders Prize Competition, supported by Northpond Ventures, aims to boost women in biotech entrepreneurship. Nine MIT faculty will compete in this year’s competition, which is co-directed by Sangeeta Bhatia and Kit Hickey. The Future Founders Initiative was established in 2020 to promote female entrepreneurs in biotechnology. ....

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Opening the path to biotech


In 1999, the Massachusetts Institute of Technology (MIT) released a study that documented how women faculty in its School of Science were afforded fewer resources and opportunities than men a discrepancy it attributed to unconscious biases that had marginalized women faculty “even in the light of obvious good will.” The report inspired policy changes at universities across the country that have made faculty resources more equitable. But a study released last month by MIT members (including the authors of this editorial) of the Boston Biotech Working Group (BBWG) now documents a similar problem at the interface of academia and industry: Fewer women than men faculty at MIT move their research discoveries into companies, and fewer serve as scientific advisers or on boards of directors. This disparity holds back women faculty and denies the full promise of innovation to the universities they work for, the biotech industry, and society at large. ....

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Clip Boston Globe MIT scientists launch Future Founders Initiative to help solve biotech's 'missing women' problem (April 6) | MIT News


Description:
A group of MIT scientists has announced a new plan, called the Future Founders Initiative, aimed at addressing gender inequities in the biotech industry, reports Anissa Gardizy for
The Boston Globe. “If we can’t advance discoveries at the same rate for women and men, that means there are drugs, therapies, devices, and diagnostics that are not getting to where they can actually benefit people,” says President Emerita Susan Hockfield. “If as a region we want to continue to lead the world, the best thing to do is not squander our resources.” ....

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