As the semiconductor ecosystem continues to grow across the NY SMART I-Corridor, businesses across the region are exploring how they can participate in this rapidly expanding industry.
From advanced manufacturing to logistics, construction, engineering, and professional services, the semiconductor supply chain is broader than many companies realize. Many firms already have capabilities that could support semiconductor production or services. The challenge is making those capabilities visible to the right partners.
One of the most effective ways to do that is through a capability statement.
What Is a Capability Statement?
A capability statement is a one-page overview of your company that highlights what you do, what sets you apart, and where you have experience.
Think of it as your company’s resume for supply chain and partnership opportunities. It provides potential partners and buyers with a quick snapshot of your business and how it may fit into the semiconductor ecosystem.
While each company’s statement may look slightly different, most include key information such as:
- Core competencies
- Differentiators
- Certifications and affiliations
- Industries served
- Facilities and operational highlights
- Contact information
When done well, a capability statement helps buyers, partners, and ecosystem stakeholders quickly understand how your company could contribute to the semiconductor ecosystem.
Businesses interested in developing a capability statement can connect with the University at Buffalo’s Supply Chain Activation Network (SCAN) team, which works directly with companies to assemble and verify the information included in the document.
Why Does a Capability Statement Matter for Your Company?
Capability statements help potential buyers quickly determine if a company may be the right fit for their procurement needs. They also help the Tech Hub team and its partners better understand the region’s semiconductor supply chain to facilitate matchmaking.
By working with the SCAN team to develop a capability statement, businesses will be included in the Tech Hub database and capability-mapping dashboard, gaining visibility among potential buyers and suppliers.
In short, a capability statement helps your company get discovered and pursue new opportunities.
Next Steps for Businesses
Developing a capability statement is often the first step in engaging with the SCAN team. From there, companies can explore additional opportunities within the regional semiconductor ecosystem.
SCAN is also documenting procurement needs across the industry to better understand what companies are looking to source locally and where regional businesses may be able to meet those needs.
Companies can also access technical assistance as they prepare for growth, gaining support with certifications, operational improvements, facility planning, and other business needs.
How to Begin a Capability Statement
Many companies express interest in the semiconductor industry but aren’t sure how their existing capabilities translate to this space. The opportunity landscape is broad, and many firms may already have relevant expertise without realizing it.
The SCAN team works directly with companies to:
- Co-develop capability statements
- Identify pathways to grow or pivot into semiconductor-related activities
- Explore opportunities to engage in the regional ecosystem
Getting Started
To learn more and get started on developing your capability statement, contact:
Kathleen Burke
SCAN Engagement Coordinator
mfburke@buffalo.edu