- Industry financial support totaled $204 million in the last 5 years
- 7.4 million students have been reached by industry-sponsored STEM programs
- 25,000 teachers have been reached by industry-sponsored STEM programs
- Companies and their foundations awarded nearly 2,500 STEM education grants
- 70+ STEM programs initiated by PhRMA members in the last 5 years
- Just over half of the reported STEM education programs are intentionally designed to engage underrepresented populations
This report builds on earlier findings that determined the industry’s K-12 and college level STEM programs have impacted 1.6 million students and 17.5 thousand teachers in just 5 years and continues to highlight the importance of a STEM workforce for the biopharmaceutical industry. It is notable that the biopharmaceutical industry with a STEM workforce concentration is more than five times other industries. The report documents the strong linkages between STEM-intensive industries, such as the biopharmaceutical industry, and desirable innovation and economic outcomes, including:
- High-growth, high-quality jobs with bright career prospects
- New inventions and patent filings
- Development of technology driven startups
- Sustained economic growth
America’s biopharmaceutical companies are committed to continuing to advance STEM. However, in order for the United States to continue its global R&D leadership and expand its advanced manufacturing capabilities, policymakers must focus on strengthening the STEM pipeline as well.
To learn more about the importance of advancing tomorrow’s workforce and the Industry’s commitment to STEM, you can view the full report here and a supporting fact sheet here.