Petronas FutureTech 3.0 startup accelerator programme expands to APAC

The Petronoas FutureTech 3.0 accelerator programme is expanding beyond Malaysia to the Asia-Pacific region,

Co-organised by Petronas Ventures and Singapore-based StartupX, the platform aims to uncover innovations and game-changing technologies, and to accelerate these ideas into real business solutions.

Supporting the programme are seven new corporate partners – Gentari., Tenaga Nasional, DRB-HICOM, Sembcorp Industries, Hyundai Motor, Vitol, and Khazanah Nasional.

This edition is expected to impart industry best practices while providing startups greater market access for growth and scalability across the region. It will focus on solutions in Future of Industry and Work, Future of Chemical and Materials, Future of Energy and Mobility, and Frontier Technology, with an emphasis on sustainability-related technology solutions.

“Petronas is excited to expand its strategic partnership regionally, allowing participants to tap into the vast entrepreneurial experience and C-Suite mentorship as well as access to the right tools, support, resources and the possibility for startups to test-bed their solutions. We are anticipating impactful solutions and positive outcomes from FutureTech 3.0 to its pool of cross-functional partners, promoting sustainability and growth globally,” said Arni Laily Anwarrudin, Head of Petronas Ventures.

“In an industry where it is constantly evolving, recent world events and the pace of energy transition have pushed us to adopt a future-first approach for the energy industry. Hence, Petronas believes that we have to pivot ourselves towards developing technology-driven sustainable solutions that will establish ourselves as leaders in the industry for the future,” she added.

Twenty shortlisted startups will undergo a 12- to 16-week hybrid programme from May 2023. The programme will include masterclasses, workshops and coaching by corporate partners, industry mentors and global entrepreneurs. It will culminate into a Demo Day at end August 2023, where the shortlisted startups will get to pitch their solutions to the C-suites of Petronas and its corporate partners, investors, and potential collaborators.

FutureTech 3.0 is supported by Cradle, Malaysian Research Accelerator for Technology & Innovation, Multimedia Development Corporation, Malaysian Industry-Government Group for High Technology, Microsoft, Amazon Web Services, SG Innovate, Leave a Nest Group, National Technology & Innovation Sandbox, MyStartup, and Tata Consultancy Services.

Those interested can apply via by March 31, 2023.

Photo: Anete Lusina