Verizon will hand out up to $1 million in seed money for the best 5G ideas



How would you like to fund your great 5G idea with a check from Verizon? During his keynote speech at CES earlier this week, the CEO of the nation's largest wireless carrier, Hans Vestberg, discussed the company's "Built on 5G Challenge." The competition begins this spring, but in the meantime you can sign up with your email address to be notified when and how to officially throw your hat in the ring.

Besides individuals, the 5G Challenge is open to companies backed by Venture Capitialists, non-profits, educators, and small start-up firms. Those with the best ideas will share as much as $1 million dollars in seed money from Verizon, and will also get to help develop the idea through live video chats with the carrier's 5G incubator labs in New York City; Cambridge, Massachusetts; Los Angeles; Palo Alto, California, and Washington, D.C. Verizon will also offer technical support to those innovators whose 5G concepts it chooses as the best among the entrants.

5G will bring much faster data speeds than currently available from 4G, giving mobile devices the ability to respond faster to a user's input. Not only will 5G impact how fast mobile devices send and receive data, it also is being touted as the technology that will bring improvements in health care, transportation, business, education and more.


Considering that Verizon is considering 5G to be the fourth Industrial Revolution (after steam engines, electrical modes of transportation, and the personal computer), the carrier is no doubt expecting the winning ideas to be truly outstanding commercial concepts. If you think that describes your 5G idea, don't pass up this opportunity to catch the eye of the people at Verizon. With the carrier's backing, both financial and technical, what started as an idea in the back of your mind could become a 5G innovation.

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4 Comments

1. monkeyb

Posts: 338; Member since: Jan 17, 2018

Ive wondered about this since so long. What will be the immediate benefits to "majority" consumers with 5G tech? What is it that consumers are missing currently? I see a lot of my friends getting speeds of about 50mbps and more with current LTE technology. Which is good enough for almost everything they need to do. I mean will 5G make faster speeds cheaper. I don't see this in the near future. Sure some folks will benefit from this but my question is what would majority normal folk benefit from this. I hope someone with some telecommunications knowledge can shed some light for us readers.

4. kaintae

Posts: 98; Member since: Dec 14, 2011

Faster speeds for streaming porn

2. Rocket

Posts: 603; Member since: Feb 24, 2014

They are developing 5G to harvest more money from our a***s not to help us saving.

3. WakaFlakaD

Posts: 575; Member since: Apr 30, 2011

Do you think Verizon run churches? Lol

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