Copernicus Programme Provides Valuable Economic Benefits
Copernicus is Europe’s most ambitious Earth observation programme and provides full free and open access to data for the development of applications in a wide variety of domains. It is estimated that investments in the programme will increase to EUR 7.5 billion by 2020, while the economic benefit is expected to double in value. Every euro invested in Copernicus activities by public authorities, results in a EUR 1.4 benefit to the whole economy.
The Copernicus Masters awards applications and ideas that are using Copernicus data to tackle important challenges faced by business and society, with 2018 submissions opening 1 April.
Oberpfaffenhofen, 28 April 2018 – 10 Petabytes of free Earth Observation (EO) data is generated by the Copernicus Programme every year. This data enables the Copernicus services to deliver near-real-time data on a global level, contributing toward the sustainable management of the environment. The data is sourced both from the family of Sentinel satellite missions, contributing missions (existing commercial and public satellites) and from a multitude of in situ sensors. Big data from space holds great potential for the development of ideas and solutions in many (non-space) sectors. As these ideas continue to develop into commercially viable solutions, the economic benefits continue to grow.
The Copernicus Masters 2018 – Europe’s leading innovation competition for Earth observation (EO) – is searching for such outstanding ideas, applications, and business concepts from future-oriented SMEs, startups, universities and individuals in the fields of business, research, and higher education. Our company, GeoImaging Ltd, is proud to be the regional associate of the Copernicus Masters in Cyprus.
From 1 April to 30 June, participants of the Copernicus Masters can submit their innovative EO ideas to 16 challenges offered by the largest number of world-class partners since the competition started. Partners of the 2018 edition are the European Space Agency (ESA), the German Aerospace Center (DLR), CGI, Planet Inc., BayWa AG, Stevenson Astrosat Ltd., Airbus, Satellite Applications Catapult Ltd., and the German Federal Ministry of Transport and Digital Infrastructure (BMVI).