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CYENS Kicks Off Its Pre-Accelerator Programme

by THEFUTURE.TEAM

July 5, 2024

The Pre-Accelerator Programme at CYENS has officially begun, offering a unique opportunity designed specifically for researchers to bridge the gap between innovative ideas and market-ready solutions.

“Tailored for CYENS researchers and guided by esteemed professors from the University of Cyprus, this programme is a pivotal step for those aiming to transform groundbreaking research into viable, impactful startups,” the post noted.

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It also listed the following key benefits of the programme:

Structured Framework: The pre-accelerator provides a comprehensive framework, guiding researchers through crucial stages of commercialisation, from concept validation to business model development.
Experienced Mentors: Participants will engage with seasoned mentors who have successfully transitioned from research to entrepreneurship, offering invaluable insights to refine ideas, avoid common pitfalls, and expedite market entry.
Essential Resources: Researchers will gain access to funding opportunities, legal advice, and networking events—vital resources for turning research into successful ventures.
Skill Development: The programme enhances entrepreneurial skills through intensive workshops and training sessions covering business planning, market analysis, intellectual property management, and more.
Collaboration and Networking: Participants will connect with like-minded researchers and entrepreneurs, fostering collaborative projects, partnerships and co-founding opportunities to expand the impact of their research.
Visibility and Exposure: Researchers will have the chance to showcase their projects to potential investors, industry leaders, and strategic partners, attracting the support and resources needed to bring their innovations to market.
Industry Mentors: Starting in July, participants will be paired with industry experts who will guide them through the commercialisation process with real-life experiences and insights.

“This programme is essential for researchers looking to turn their innovative research into successful startups and is a testament to CYENS’ commitment to fostering entrepreneurship and innovation,” the post concluded.

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Competition Authority Launches Comprehensive Review of ExxonMobil Cyprus Acquisition

by THEFUTURE.TEAM

September 16, 2025

Investigation Initiated Over Strategic Acquisition

The Competition Protection Authority has commenced a thorough investigation into the acquisition of ExxonMobil Cyprus Limited’s share capital by Petrolina Holdings Public Ltd through Med Energywise Ltd. This inquiry was formally initiated following a session held on 10 September 2025, after an in-depth review of the pertinent report by the Authority’s Service.

Concerns Over Market Compatibility

Authorities have expressed serious concerns regarding the compatibility of the transaction with established competitive practices. The review indicates that the acquisition may affect several critical petroleum markets, both horizontally and vertically, thereby raising the potential for adverse impacts on market dynamics.

Horizontal Market Dynamics

On the horizontal front, potential effects have been identified in the import market for petroleum products, as well as in both wholesale and retail distribution channels of these products. The consolidation is believed to increase the risk of price rises and coordinated actions, given the direct competitive proximity between Petrolina and ExxonMobil.

Vertical and Adjacent Market Implications

Vertical aspects of the merger are also under close scrutiny. The new entity could restrict competitors’ access to critical infrastructure such as storage facilities, supply channels, and customer bases. These restrictions could further affect the onshore distribution of fuels, the wholesale market for lubricants, and specialized technical services connected with fuel station operations.

Local Market Considerations

Particular attention is being paid to the potential concentration in the retail fuel market. The investigation suggests that a reduced competitive landscape within a four-kilometer radius of the companies’ fuel stations could lead to diminished local competition, adversely impacting consumer prices and options.

Next Steps and Industry Impact

The Competition Protection Authority, which reached a unanimous decision to pursue a full investigation, remains open to submissions from parties that might be affected by this transaction, as mandated by current legislation. A final decision is expected within four months upon receipt of all necessary evidence, potentially setting a significant precedent for future market consolidation cases in the energy sector.