Breaking news

Cypriot Startup LIVIA Wins Europe’s Top Youth Entrepreneurship Competition

by THEFUTURE.TEAM

July 29, 2026

A Cypriot university team has won the European GEN-E 2026 youth entrepreneurship competition with LIVIA, a smart agriculture platform that combines satellite data, autonomous drones and artificial intelligence to help farmers improve irrigation, detect disease earlier and reduce pesticide use.

Alongside first place, the team received the FedEx Access Award, expanding its access to investors, entrepreneurs and industry experts across Europe.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Initially developed for vineyards, LIVIA analyses individual plants and turns complex data into practical recommendations. The team is now preparing its first functional product and pilot projects in Cyprus, with plans to expand into additional crops and international markets.

From An Idea To Smart Agriculture

LIVIA began with a simple question: how could satellite data create practical value in everyday life? After exploring applications ranging from meteorology to marine biology, the team identified agriculture as the sector with the greatest potential.

Recognising the limitations of satellite imagery alone, particularly in resolution and update frequency, the founders integrated autonomous drones into the platform to provide more detailed field data.

Designed as a modular system, LIVIA can continuously incorporate new data sources and capabilities. Its initial focus is irrigation management, early disease detection and plant health monitoring, with vineyards serving as the first use case because of their importance to Cyprus and the team’s own experience.

Turning Data Into Decisions

Satellite imagery provides continuous monitoring of crops, while autonomous drones capture high-resolution images whenever greater precision is needed.

Artificial intelligence then combines those datasets with information collected by growers, including IoT sensors and field observations, to generate tailored recommendations for irrigation, disease prevention and resource management.

By analysing each plant individually, the platform enables precision agriculture rather than field-wide recommendations.

Building A Hardware And Software Startup

Developing LIVIA has required balancing advanced software with specialised hardware, including drones, multispectral cameras and charging stations, all while operating with limited resources.

Although the startup participates in the Bank of Cyprus IDEA programme and has secured non-equity funding, integrating multiple data sources into a reliable AI system remains its biggest technical challenge.

The Role Of Junior Achievement

Participation in the JA StartUp Programme helped transform the original concept into a business proposition through mentoring, coaching and pitch preparation.

Support continued after LIVIA won the national competition, with the Junior Achievement Cyprus team helping the founders prepare for the European final in Latvia.

European Recognition

Winning GEN-E 2026 and the FedEx Access Award marked the team’s biggest milestone to date and created new opportunities to connect with investors, entrepreneurs and industry experts across Europe.

The founders are now focused on completing their minimum viable product, launching pilot projects in Cyprus and expanding the platform to new crops and international markets.

The Future Forbes Realty Global Properties

Mercedes-Benz Posts Higher Profit Despite China Slowdown

Mercedes-Benz reported stronger-than-expected second-quarter results, lifting its shares on Tuesday despite mounting pressure from Chinese automakers and a weaker outlook for sales and revenue.

The earnings provided a boost for Europe’s auto sector, where manufacturers continue to grapple with tariffs, softer demand and intensifying competition from Chinese rivals. Volkswagen, Mercedes-Benz and BMW have all accelerated restructuring efforts in response.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Cost Discipline Lifts Quarterly Profit

Mercedes-Benz shares rose as much as 5.9% following the results before trimming gains to trade 3.5% higher by 1118 GMT. The company reaffirmed its profit margin guidance for its core passenger car business after reporting an adjusted return on sales of 4.0% for the second quarter, above market expectations and within its 3% to 5% target range.

“In an environment where some automakers are ringing alarm bells on their competitive positioning, Mercedes delivered a clear and confident message,” Morningstar analyst Rella Suskin said.

Second-quarter operating profit increased 22% to €1.5 billion ($1.7 billion), despite a 3% decline in revenue. Lower administrative and research and development costs, together with strong performances from the financial services and vans divisions, supported earnings, while the results also included a €131 million gain related to the planned sale of leasing subsidiary Athlon.

China Remains The Key Pressure Point

Despite stronger profitability, Mercedes continues to face a challenging market environment. Sales in China fell 30% during the second quarter, prompting the company to abandon earlier expectations for stable car sales and group revenue. It now expects both to decline slightly from a year earlier.

BMW also lowered its outlook in June following a deeper-than-expected slowdown in China, highlighting the pressure facing Germany’s premium carmakers. At the same time, Mercedes said Chinese manufacturers are increasingly expanding into European markets, although Chief Executive Ola Kaellenius said their focus remains on higher-volume segments rather than the premium market.

“But that is not a reason to sit back and be relaxed,” he said.

Manufacturing Shift Continues

Mercedes is also reshaping its manufacturing footprint. The company said its German factories will undergo a more aggressive push toward leaner production, although it declined to provide further details while talks with labour representatives continue. Production is also being expanded in lower-cost Eastern European locations, including Hungary, where the company is increasing capacity at its Kecskemet plant, as well as in Poland.

Chief Financial Officer Harald Wilhelm said the full-year margin for the passenger car division is expected to come in at the lower end of the company’s guidance range, reflecting a higher share of electric vehicle sales in Europe, which remain more expensive to produce and continue to weigh on profitability.

“We must continue to work flat out to reduce costs so that we can remain competitive on the prices of our products,” Kaellenius said.