The Innovation Fund has announced that it will be providing $42.3 million in funding for the Acceleration of Compatibility and Commercialization for Open RAN Deployments (ACCoRD) project. This project, led by industry and academic organizations including AT&T and Verizon, aims to establish a testing, evaluation, and research and development center that will focus on network performance, interoperability, and security. The center will also work on developing new testing methods.
The R&D center will be located in the Dallas Technology Corridor, with a satellite facility planned for the Washington, D.C. area. This funding marks the fourth and final award under the initial notice of funding opportunity for the Public Wireless Supply Chain Innovation Fund. Over 10 years, this program has a budget of $1.5 billion and is focused on financing efforts to develop open and interoperable networks. According to U.S. Secretary of Commerce Gina Raimondo, the fund aims to support efforts that will allow America to lead in the global telecommunications market, strengthen supply chains, and reduce costs. With this latest award, the Innovation Fund has already released $140 million towards its goals.