The Innovation Fund, which aims to finance efforts to develop open and interoperable networks, has received $42.3 million in funding for the Acceleration of Compatibility and Commercialization for Open RAN Deployments (ACCoRD) project. This project, led by AT&T and Verizon, will establish a testing, evaluation, and research and development center that will focus on testing network performance, interoperability, and security. Additionally, the center will 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 is the fourth and final award under the initial notice of funding opportunity for the Public Wireless Supply Chain Innovation Fund. U.S Secretary of Commerce Gina Raimondo stated that this program has a budget of $1.5 billion over 10 years and is focused on financing efforts to develop open and interoperable networks that will allow America to lead in the global telecommunications market, strengthen supply chains, and reduce costs. With this award, the Innovation Fund has already released $140 million of its budget.