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Given that women continue to be underrepresented in STEM (Science, Technology, Engineering and Math) and that scientific innovations are increasingly produced by team collaborations, we reviewed the existing literature regarding the effects of gender diversity on team processes and performance. Recent evidence strongly suggests that team collaboration is greatly improved by the presence of women in the group, and this effect is primarily explained by benefits to group processes. The evidence concerning the effect of gender diversity on team performance is more equivocal and contingent upon a variety of contextual factors. In light of the importance of collaboration in science, promoting the role of women in the field can have positive practical consequences for science and technology.