The competition, encouraging engineers and scientists to develop novel applications using Earth observation data from European satellites, including the recently launched Sentinel-1A, that would benefit European public, offers a prize pool worth €300,000 (£250,000) in cash, technical support, data packages and business incubation.
Participants can compete in eight challenges covering areas including environmental monitoring, transportation logistics, agriculture and forestry, civil security, cloud computing and mobile services, as well as the innovative use of high-resolution satellite imagery and radar data.
The winner of each challenge will be selected by a jury of research and industry experts. Along with the prizes in the challenge, the overall winner – the Copernicus Master 2014 – will receive €20,000 in cash and a satellite data package worth an additional €60,000.
Last year, Esa received 144 submissions from 23 European countries.
Submissions for all challenges will be accepted from 15 April to 13 July and, for the first time, the competition will open to teams from the whole world.
Apart from Esa, European Commission, the German Aerosapce Centre, Airbus and the European Space Imaging are supporting the project.