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Verizon Ignites Innovation with Kickoff of 2015 Powerful Answers Award

Date: 2015-04-16
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Third annual award challenge is open for submissions, and will award $6M to powerful technology solutions in Transportation, Emergency Response, and Internet of Things

 

Expanding its ongoing commitment to innovation and social responsibility, Verizon is now accepting ideas for its 2015 Powerful Answers Award program. 

Now in its third year, Verizon’s Powerful Answers Award offers innovators, developers and entrepreneurs a total of  $6M in cash prizes, plus the opportunity for winners to participate in an Accelerator program designed to help develop their ideas and bring solutions to market faster.  

The Verizon Powerful Answers Award program seeks ideas that leverage cutting-edge technology to create solutions that deliver social good.   The 2015 program is seeking ideas in three core categories, each with three subcategories:

Transportation: How can technology enable better, more efficient ways to reduce the complexities of transportation and distribution in the physical world?

  • Smarter Driving
  • Public Transport & Sharing
  • Logistics and Distribution

Emergency Response: How can technology enable first responders and emergency crews to locate and save lives faster; what solutions can improve long-term recovery for survivors?

  • First Responders
  • Search and Rescue
  • Long Term Relief

Internet of Things:  How can using technology behind the Internet of Things (IoT) enable new intelligent actions that will have wide-scale and beneficial impacts in the following areas?

  • Connected Health
  • Smart Cities
  • Smart Agriculture

Ideas can be submitted through June 18, 2015, at www.powerfulanswersaward.com. Submissions will be judged by panels of industry experts, and winners will be announced in late 2015.

Verizon will award cash prizes of $1 million to the top winner in each of the three core categories.  The second prize winner in each category will receive $500,000 and two third-prize winners in each category will receive $250,000, for a total of $6 million.  

“Verizon is committed to supporting innovation at all levels, from early stage startups to more developed companies through a variety of initiatives including the Powerful Answers Award, Verizon Ventures’ portfolio and investments, and through the Accelerator program for Powerful Answers Award winners,” said John Doherty, Senior Vice President of Corporate Development and Chairman and Chief Investment Officer of Verizon Ventures.  “We’ve seen previous winners enjoy great success, and look forward to the new ideas and solutions this year’s program generates.”

To learn more about the Verizon Powerful Answers Award program or to submit your idea, please visit:www.powerfulanswersaward.com.

- Corporate News/9-1-1magazine.com (via Verizon Wireless, 4/8/15)

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