About 80 years ago Bell Corporation set up Bell Labs (see www.bell-labs.com/history/ ). They hired some of the top scientists in the world, provided generous research funding, and allowed them to research what they wanted to. This may be the conceptual equivalent of your question.

Some of the resulting inventions and discoveries ( see e.g. http://tinyurl.com/yaydhp9 ):
- The transistor
- The laser
- The binary digital computer
- The first long distance TV transmission
- Synchronized sound movies
- First commercial fax
- Radio astronomy
- Concept of cellular telecom
- First mobile phone service
- Solar cells
- CCDs
- The UNIX operating system (the basis of latter day Linux)
- Evidence of the Big Bang
- Touch tone phone
- First paging system
- Telstar telecommunication satellite
- First commercial fiber optic system
- The C programming language
- The C++ programming language

Etc.

If you want to know what would be the result of taking 5 geniuses today and putting them in a room, you'd have to carry out the actual experiment. If we could answer the question, it wouldn't require 5 geniuses :).

However, some items the world desperately needs and which will take genius, funding, and hard work include:

- Controlled fusion power plant
- Cure for all types of cancer
- Significant slowing or stopping of aging process
- Cure all types of dementia
- Controlled cooling of the planet
- Effective, efficient, and low-cost recycling of all materials

Etc.

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