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VCTI Launches BEAD Application Service to Help Broadband Providers Secure Funding Faster with Higher Business Case Accuracy
Thursday, February 13, 2025
BEAD Resource Center Launches on VCTI Website
SOMERSET, N.J., Feb. 5, 2025 /PRNewswire/ -- VCTI, the broadband expansion and network technology experts, today announced the launch of its BEAD Application Service, a new offering designed to help service providers target and submit grant applications quickly, and with higher probability of winning. With states opening up more BEAD programs every day, and requiring turnaround times of as little as four weeks, understanding costs and analyzing data quickly is more important than ever. As a leader in the broadband expansion industry, VCTI has launched a companion knowledge center on its website: The BEAD Grant Resource Center, an online information repository designed to help service providers maximize success as they pursue BEAD grant funding.
"States are opening up BEAD programs at a dizzying pace," explained VCTI CEO Raj Singh. "At the same time, competitive overbuilders are challenging existing service providers for market share, and leveraging the grant process to make inroads in new markets. Understanding costs, market dynamics, competitive threats, and the opportunity is important - but in today's market, doing so quickly as well as accurately is even more important. VCTI has extensive experience with the grant process, AI-driven tools to accelerate the network planning process with higher accuracy, and a track record of success. We are happy to have formalized our knowledge to offer service providers a proven strategy to maximizing the success of their grant submissions."
A Track Record of Successful Grant Submissions
In addition to helping plan over $2 Billion in network build projects, VCTI has helped service providers to win more than $382M in grants. VCTI's new BEAD Application Service takes service providers through a five-step process to determine where to build, and to accurately assess costs and revenue opportunity.
-- Market Assessment - Analyzes BEAD opportunities within a set distance
from the existing network, considering overlay areas, road density,
competitive landscape, demographics, and non-grant eligible locations
that can be captured to identify the project areas of greatest
potential.
-- Market Quantification - Identifies viable network clusters by factoring
in obstructions, determining Cost per Passing averages, and Rough Order
of Magnitude costing for each.
-- Market Optimization - Refines the individual clusters to pinpoint the
most attractive expansion opportunities, with greater granularity on
non-grant eligible locations and high-risk areas for competitive
overbuild.
-- Network Plan- Develops network plans for each potential grant project
area, integrating network costs, design considerations, mapping, and
potential grant contributions.
-- Grant Preparation and Submission - Manages the entire application
process, starting with a full analysis of and checklist against grant
requirements, and including eligibility assessment, development of a win
probability scorecard, and submission of a fully compliant grant
application.
BEAD Grant Resource Center
As a companion to the VCTI BEAD Application Service, the company has launched an online information repository - The BEAD Grant Resource Center - designed to help service providers better understand how to approach the grant process successfully. The resource center contains a wealth of information, including checklists, case studies, and smart strategies for successful bids.
About VCTI
VCTI offers a suite of SaaS-based applications that unlock the potential of service providers' broadband expansion investments. The Company uses cutting-edge data analytics to pinpoint regions with strong growth potential, while uncovering hidden opportunity within the existing footprint. This allows service providers to make business decisions quickly and decisively. A trusted partner to the most respected and innovative broadband and technology companies globally, VCTI is a privately held, global company headquartered in the US with offices in India. Learn more at www.vcti.io
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SOURCE VCTI
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