Earlier this month Verizon launched its Powerful Answers Award, shared the official rules and began accepting entries in three core focus areas of healthcare, education and sustainability.

Winners will be chosen in each core focus area, with the top prize being $1 million and additional prizes of $850,000, $700,000, $500,000 and $285,000.

(Full details can be found on http://www.powerfulanswersaward.com/.)

Verizon Chairman and CEO Lowell McAdam officially launched the Powerful Answers Award earlier this month.

The Award is intended to spark innovative thinking and problem solving across industries and to generate ideas, solutions and answers for some of the world’s biggest challenges.

Tech experts spoke at the event about their collaboration with Verizon and the solutions they hope to see, including Dr. Margaret Honey, president and chief executive officer, New York Hall of Science, and David Cohen, chief executive officer, Techstars.

To watch the live broadcast of the launch event, go to http://news.verizonwireless.com/.

Verizon’s Powerful Answers Award:

Verizon’s Powerful Answers Award is an effort to discover ideas that deliver the best new solutions in three core areas of focus: education, healthcare and sustainability. Entries will be judged by panels of experts, and $10 million total in prizes will be awarded to the winners, who will be announced at 2014 CES.