Manufacturing entrepreneurship is more successful and carries less risk compared to nonmanufacturing sectors, with a 20% closure rate for manufacturing firms compared to 23% in other sectors within the first year. Long-established manufacturing firms have a lower closure rate of 4% versus 5% in nonmanufacturing. Additionally, manufacturing leads all sectors in patent attainment.

1. Compared to nonmanufacturing sectors,
manufacturing entrepreneurship is more
successful and startups are less risky.
23% of
firms in other
sectors
20%of
manufacturing
firms
Close within a year of opening
vs.

2. Closure rate for businesses with at least
26 years of operations is less in the
manufacturing industry.
5% of
firms in other
sectors
4%of
manufacturing
firms
vs.

3. Manufacturing attains the most patents
of any sector.
60
50
40
30
20
10
2011 2012 2013
Manufacturing Manufacturing
0
Thousands
Data: mapifoundation.org