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Verizon creates an award to encourage innovation.
What’s the next great idea and where do innovative solutions come from? Those are powerful questions and people who have the answer might be the next millionaire – or millionaire many times over.
Verizon created the Powerful Answers Award to give companies, entrepreneurs and individuals an opportunity to generate innovative ideas that address some of the world’s biggest challenges. The Award was introduced during Verizon Chairman and CEO Lowell McAdam’s keynote remarks at 2013 CES. The new award, which includes $10 million in prize money, will officially launch later in the first quarter of 2013. It will be a year-long effort to discover and judge ideas. The winners will be announced at CES 2014.
Verizon is challenging the best minds in the technology industry and beyond to put forward ideas that deliver powerful answers in the areas of education, health care and sustainability. These global issues can be transformed with wireless, wireline or cloud-based technology. Verizon has the unique combination of networks, technology and people to lead, and more importantly, sustain innovation across the ecosystem, and to help deliver these powerful solutions for consumers and businesses.
Intended to spark innovative thinking and creative problem-solving across industries, the Verizon Powerful Answers Award will be judged by a blue-ribbon panel of experts from academia, the media and the venture capital community. The winners will be ideas that best address these challenges.
More information, including award rules, submission requirements and other details, about the Verizon Powerful Answers Award will be available in the coming weeks.