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Why Manufacturing Entrepreneurship is a Smart Path

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Compared to other sectors, manufacturing entrepreneurship is more successful and startups are less risky. With positive signs on job stability, growing career paths and entrepreneurial opportunities, the manufacturing industry is poised to attract a much-needed skilled workforce.

Published in: Engineering
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Why Manufacturing Entrepreneurship is a Smart Path

  1. 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. 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. 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

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