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While over one-third of the U.S. economy and much of our national security infrastructure directly depends on precision timing, there has been to date no educational workforce development program in the US dedicated to training young talent in the timekeeping technologies that underpin our society. The Alabama Collaborative for Contemporary Education in Precision Timing (ACCEPT) Program is a new, 5-year National Research Traineeship program funded by the National Science Foundation, designed to train the next generation of graduate (MS and PhD) degree holders in a field of critical important to our nation. ACCEPT will provide a comprehensive training and educational opportunity for trainees from physics, mathematics, and engineering. Trainees will combine coursework across these three departments with professional development in critical areas identified by precision timing experts (teamwork, leadership, ethics, communication), and put their training into practice via research experiences with ACCEPT partners, student-led initiatives, and networking at conferences and workshops. In this paper, we present the current objectives, vision, and methodology of our new program, initial steps toward building a comprehensive training facility, and initial research and demonstration projects.