March 26, 2015

Verizon Ignites Innovation for Third Year With 2015 Powerful Answers Award

Across the Verizon community, we put innovation at the center of who we are and what we do. At Verizon Ventures, we’re proud to invest in and support startups that are developing innovative technologies and are excited to be involved in a Verizon initiative that opens the doors to support ideas that utilize powerful technology that come from anyone or anywhere. Now in its third year, the Verizon Powerful Answers Award today begins accepting submissions for 2015 and we are extremely proud to continue our tradition of offering innovators, developers and entrepreneurs an opportunity to leverage cutting-edge technology to create solutions that deliver impactful change. This award program challenges participants to put forward ideas that deliver technologically powerful answers to some of the world’s biggest problems, and awards $6 million in cash across 12 winners.

In addition to award money, the Powerful Answers Award winners receive additional value with exposure to Verizon subject matter experts and business units and an opportunity to participate in a Powerful Answers Award Accelerator program, which, for the 2014 winners, is taking place at BootUp Academy. The custom program is designed to strategically accelerate the growth of the award winner’s business , provide Verizon subject matter expert mentors to help develop a path for integration, distribution and marketing within a major corporation like Verizon and drive go-to-market strategies through intensive workshops and knowledge exchange sessions to learn best practices in business planning, product development, UX/UI design, communications, financing and growth hacking. What’s so rewarding about the contest for us is the chance to directly mentor these smart innovators and connect them to experts and leaders in the industry who can further these inspirational solutions into sustainable, meaningful companies. 

This year’s program is seeking innovative ideas in three core categories:

  • Transportation: How can technology enable better, more efficient ways to reduce the complexities of transportation and distribution in the physical world? Sub-Categories for idea submission are: smarter driving, public transport and sharing, or 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? Sub-Categories for idea submission are first responders, search and rescue, or 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?Sub-Categories for idea submission are connected health, smart cities, or smart agriculture.

This award is about people with great ideas using technology to help other people and the world around them. The thousands of applications we receive from scores of countries each year is a testament to the interest and support for social good from all over the world.  I look forward to seeing the groundbreaking solutions submitted this year– and hope you help us spread the word to innovators and startups you may know and encourage them to apply at www.powerfulanswersaward.com.

Tags: John Doherty , Powerful Answers Award , Education , Sustainability , Transportation , Health Care