This paper develops a series of innovation indicators in the Colombian manufacturing industry to set forth the dynamics and evolution of corporate innovation. Data was mainly collected from the National Administrative Department of Statistics –DANE, for its abbreviation in Spanish-contributing to the statistical data regarding the technical and innovative change undergone in Colombia between 2004 and 2011. Results showed which companies are innovative (and which not) and if they develop radical, incremental, or transformational innovation. Likewise, the scope of the innovation level in products, processes, commercialization, and organization was identified. Afterwards, occupied personnel and investment in Science, Technology, and Innovation Activities indicators are presented; especially the number of investors and the amount invested are presented. It is concluded that, when comparing innovative companies participation in the different periods analyzed, as time passes, less companies develop innovative activities and potentially innovative ones have been decreasing in participation, demonstrating that less industry companies are planning to attain a new or improved product or process in the international or national market. The study analyzes the evolution of innovation in the Colombian manufacturing sector using data from the National Department of Statistics (DANE) covering the period 2004-2011. It identifies that the percentage of innovative companies has declined from 48% in 2004 to 27% in 2012, indicating a decrease in innovation activities. The broad innovation type is the most prevalent, followed by potential innovators and strict innovators. The distribution of innovation types shows that product innovation is the most common, with new or significantly improved products or services. The investment in Science, Technology, and Innovation (ACTI) has also decreased over time, with the average investment per company declining. The number of people employed in ACTI has also decreased, indicating a reduced focus on innovation. The number of intellectual property registrations has also declined, showing a decrease in innovation and competitiveness in the sector. The study concludes that the Colombian manufacturing sector is experiencing a decline in innovation, with fewer companies engaging in innovative activities and a reduced focus on technological development.This paper develops a series of innovation indicators in the Colombian manufacturing industry to set forth the dynamics and evolution of corporate innovation. Data was mainly collected from the National Administrative Department of Statistics –DANE, for its abbreviation in Spanish-contributing to the statistical data regarding the technical and innovative change undergone in Colombia between 2004 and 2011. Results showed which companies are innovative (and which not) and if they develop radical, incremental, or transformational innovation. Likewise, the scope of the innovation level in products, processes, commercialization, and organization was identified. Afterwards, occupied personnel and investment in Science, Technology, and Innovation Activities indicators are presented; especially the number of investors and the amount invested are presented. It is concluded that, when comparing innovative companies participation in the different periods analyzed, as time passes, less companies develop innovative activities and potentially innovative ones have been decreasing in participation, demonstrating that less industry companies are planning to attain a new or improved product or process in the international or national market. The study analyzes the evolution of innovation in the Colombian manufacturing sector using data from the National Department of Statistics (DANE) covering the period 2004-2011. It identifies that the percentage of innovative companies has declined from 48% in 2004 to 27% in 2012, indicating a decrease in innovation activities. The broad innovation type is the most prevalent, followed by potential innovators and strict innovators. The distribution of innovation types shows that product innovation is the most common, with new or significantly improved products or services. The investment in Science, Technology, and Innovation (ACTI) has also decreased over time, with the average investment per company declining. The number of people employed in ACTI has also decreased, indicating a reduced focus on innovation. The number of intellectual property registrations has also declined, showing a decrease in innovation and competitiveness in the sector. The study concludes that the Colombian manufacturing sector is experiencing a decline in innovation, with fewer companies engaging in innovative activities and a reduced focus on technological development.