The Innovation Fund has received a fourth and final award of $42.3 million for the Acceleration of Compatibility and Commercialization for Open RAN Deployments (ACCoRD) project. This project, led by AT&T and Verizon, aims to establish a testing, evaluation, and research and development center that will focus on testing network performance, interoperability, and security.
The center will be located in the Dallas Technology Corridor with a satellite facility planned for the Washington, D.C. area. The funding marks the fourth and final award under the initial notice of funding opportunity for the Public Wireless Supply Chain Innovation Fund. This program has a budget of $1.5 billion over 10 years and is focused on financing efforts to develop open and interoperable networks.
U.S. Secretary of Commerce Gina Raimondo stated that 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 inclusion of the ACCoRD project award, the Innovation Fund has already released $140 million towards its goals.