Verizon's $10 million new-ideas contest now accepting submissions

Verizon's Powerful Answers Award contest is accepting entries for innovative ideas in education, health care and sustainability

Verizon Communications is now accepting submissions for a contest in which the company will award US$10 million in prize money to individuals and organizations worldwide that come up with innovative ideas in education, health care and sustainability.

With the Powerful Answers Award contest, Verizon hopes to draw the best minds to make the world a better place, said Lowell McAdam, chairman and CEO of Verizon Communications, at an informal event in New York City's The Standard High Line Hotel. The contest was originally announced at International CES in January.

Starting on Wednesday, anyone above 18 years of age, including individuals, organizations and academics, can submit ideas in the three core areas through the Powerful Answers Award website.

The submission period ends on June 30, after which judges will review the entries in a two-step selection process. The winners will be announced at International CES in 2014.

Five winners will be selected in each of the three categories. The top prize winner will get $1 million, and depending on ranking, the other winners will get $850,000, $700,000, $500,000 and $285,000, respectively.

The contest is open to participants worldwide, and thousands have already signed up, McAdam said.

McAdam said he hopes the contest will inspire positive social changes while also inspiring new business ideas and marketplaces. The judges will be reviewing commercial viability, global impact and use of technology for each entry.

Consumers are ready for ideas that make their lives easier and more meaningful, McAdam said.

He cited the idea of how changes in health care are already taking place but still need improvements. For example, it is easier to gather information about a patient through mobile devices and have a meaningful interaction with the doctor using cloud computing, but there are many regulations and connectivity issues to overcome.

The winners will get access to Verizon's wireless and wired network assets and cloud services. The contest is a corporate responsibility project for Verizon planned only for this year, and McAdam did not commit to repeating it in the coming years.

Agam Shah covers PCs, tablets, servers, chips and semiconductors for IDG News Service. Follow Agam on Twitter at @agamsh. Agam's e-mail address is agam_shah@idg.com

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags business issuestelecommunicationCarriersinvestmentsVerizon CommunicationsVerizon Wireless

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?