Verizon Dangles Big Payday for Big mHealth Innovation

This week at CES, Verizon stepped up to the plate on mHealth and dangled a top prize of $1 million to the best and brightest tech innovation that could benefit modern healthcare.

The catch: innovators must use Verizon’s technology to produce or sustain the innovation.

“We challenge the technology industry to come up with innovative applications, devices and solutions that take advantage of our converged mobile, video and cloud platforms to drive positive social change,” Verizon CEO Lowell McAdam said.

Details on a submission process will be presented in the coming weeks.

“What makes this a transformational moment for digital healthcare is that the barriers to innovation in this industry are finally coming down,” McAdam added. “We now have a network that can handle the bandwidth demands of sending MRIs, X-Rays and CAT scans over the Internet.”

Verizon is comprehensively standing behind the mHealth revolution. That much was clear in response to the Verizon chief’s statement that Verizon is “actively working with the FDA to get clearance on our mHealth platform.”

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