Let’s build
the future

The Built on 5G Challenge is a nationwide search for the best products, services, and applications that will bring the true power of 5G to life.

Think big.
Win big.

The winners will be awarded up to $1 million, access to our 5G Lab, and an opportunity for Verizon to invest in your company in a future fundraising round.

Key dates
and timeline

Here’s what you need to
know. Once you’ve entered,
we’ll send more information
your way.

All the details.

For more information on the Built on 5G Challenge, take a look at the contest FAQs and Official Rules. Have a question that’s not answered here? Get in touch.

Contact us
How will my team and submission be evaluated? How will you select winners?

While the judging and criteria will vary slightly from round to round, a cohort of judges will generally assess each submission in the areas of:

  • Your product, service, or application and the applicable Challenge Area
  • How 5G / edge computing are being utilized
  • Which of the 8 Currencies of 5G you will be taking advantage of and why
  • Customer problem or pain point being solved
  • Initial business case including customer segment you’re targeting
  • Demonstration of working product, service, or application
  • Demonstrate next steps
What happens after I submit my idea?

We will invite up to the top 25 submissions (as selected by our Judges based on the above assessment criteria) to submit additional supporting information and present in-person to our Judges!

Tell me more about the prizes. How does it work?

Verizon will award one (1) 1st Prize Winner $1,000,000, one (1) 2nd Prize Winner $500,000, and (1) 3rd Prize Winner $250,000. Each of the cash prize winners will also receive an opportunity to participate in Verizon 5G Lab programming after the close of the Challenge. Verizon will also select seven (7) additional winners (sorry, no cash prize) that will get an opportunity to participate in the Verizon 5G Lab programming as well. We hope that the winners will use their prize money to develop and refine their product in a 5G environment as they grow their business and participate in 5G Lab programming.

In addition to the above prizes, Verizon wants to help develop these new industries and enable the success of these awesome teams. First, Second, and Third Prize winners will be required to grant Verizon a warrant to invest in their companies during their next preferred equity capital raise, where Verizon may acquire up to 10% equity (for the 1st Prize winner) or 5% equity (for 2nd and 3rd Prize winners) on a post-money valuation basis. For all of the details, please read the Official Rules here.

Tell me more about the Challenge areas

Submissions should describe ideas that provide unique solutions relying on 5G to create value in one or more of the following areas:

Industry: 5G-enabled solutions for businesses to act in real-time and create new value for their customers. For example, this might include utilization of 5G and related technologies that take advantage of low-latency computing to improve processes on a factory floor or assist customers in a retail environment.

Immersive Experiences: 5G-enabled and never-before-seen immersive consumer entertainment experiences. For example, this might include utilization of 5G and immersive technologies, such as virtual reality or augmented reality (AR/VR), to create new ways for consumers to experience media.

Moonshots: 5G-enabled, transformative solutions that solve big problems that transform the way we live, work, and play. For example, this might include new value being created in new industries that are created by using one or more of the currencies of 5G.

I’m a startup company with greater than 200 employees. Can I still apply to the Challenge?

Sorry, for this Challenge, we are focusing on companies at or under the 200 team member mark. Please do feel free to reach out to us if you have a great 5G idea!

Can I submit more than one application to the Challenge?

Yes. Teams may submit more than one application to the Challenge. Each application should address one of the key challenge areas (Industry, Immersive Experiences, Moonshots)

How mature do you expect my product to be? Can I submit an early-stage idea?

We expect submissions to reflect our goal of looking for the biggest and brightest ideas that will bring the true power of 5G to life. We are seeking products that can be demonstrated now (even if at an early stage), tested in the 5G environment, and matured in future partnership with Verizon or as part of our 5G Lab programming.

If I win, what’s next?

Winners will participate in the Built on 5G Challenge Entrepreneurial Support program that will begin in fall 2019 and run through the spring of 2020. Challenge winners will partner with Verizon 5G specialists to develop, test and refine their products in a 5G environment. Team access to Verizon’s 5G resources will be determined on a case-by-case basis.

Where can I find a full set of the rules?

The Official Rules, and other information about the Challenge can be found by clicking here.

Verizon works with innovators every day. Why is the Built on 5G Challenge necessary?

At Verizon, we’ve worked across the organization, with our partners, and through our own 5G Lab Program to lay the foundation for what it means to be Built on 5G. We believe that an open and collaborative business model can help generate new ideas and create great social benefits that will have a significant impact on our future. Verizon, at its core, is committed to finding ways to advance technology and drive innovation, and the Built on 5G Challenge is an example of that commitment.

What is the timeline for the Built on 5G Challenge?

Submissions Open – April 15, 2019
Submissions Close – September 15, 2019
Finalists Announced – October 24, 2019
Winners Notified – November 4, 2019
Entrepreneurial Support Program Begins – November 11, 2019
Demo Showcase – January 8, 2020

Will the Challenge accept submissions from companies/startups outside the United States?

The Built on 5G Challenge is only open to U.S. companies with 200 employees or fewer.

My company is a current Verizon vendor. Can we still apply?

Please check the Official Rules to see if you qualify.

My company was awarded a grant in a previous 5G Challenge. Can we still apply?

No, winners of previous 5G Challenges are not eligible for the Built on 5G Challenge.

Need a
5G primer?

Learn about 5G

The Built on 5G program is designed to inspire and support breakthrough innovations in every industry using Verizon 5G Ultra Wideband. Along with partners and collaborators, the Built on 5G program has the power to change everything.