Verizon is offering $10 million in prizes for innovators and companies who propose the most innovative solutions utilizing Verizon’s unique combination of network, device and platform technologies to help reinvent and empower the three core areas of healthcare, education and sustainability. The prize awards in each of the three core areas include the following:
- 1st place: $1 million
- 2nd place: $850,000
- 3rd place: $700,000
- 4th place: $500,000
- 5th place: $285,000
Entries must be submitted to powerfulanswersaward.com by June 30, 2013. Entrants selected to submit full proposals will have until August 15, 2013 to do so. The final phase of the contest will begin on or around October 1, 2013, where the top 10 proposals in each core area will be asked to pitch their idea to a panel of renowned judges. Winners will be announced at the 2014 International CES event in Las Vegas.
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