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 newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuestelecommunicationinvestmentsCarriersVerizon WirelessVerizon Communications

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

Essentials

James Cook University - Master of Data Science Online Course

Learn more >

Mobile

Victorinox Werks Professional Executive 17 Laptop Case

Learn more >

Exec

Budget

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?