Petronas Futuretech 3.0 opens up to Asia Pacific, seeks game changing startups
By Digital News Asia February 24, 2023
- Petronas pivots towards developing technology-driven sustainable solutions
- Impart best practices, offer startups greater market access & regional scalability
PETRONAS FutureTech 3.0, an accelerator programme to nurture technology startups, is now open to applicants in the Asia Pacific region, the first time the programme is expanding beyond Malaysian shores.
Co-organised by Petronas Ventures and Singapore-based innovation, venture and startup enabler, StartupX, FutureTech 3.0 is a platform to uncover innovations and game-changing technologies, to accelerate these transformative ideas into real business solutions.
With seven new corporate partners on board – Gentari Sdn Bhd, Tenaga Nasional Bhd, DRB-HICOM Bhd, Sembcorp Industries Ltd, Hyundai Motor Company, Vitol and Khazanah Nasional Bhd - the third edition of the programme is expected to impart industry best practices while providing startups greater market access for growth and scalability across the region.
Head of Petronas Ventures, Arni Laily Anwarrudin (pic) said, “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.”
She noted how the constantly evolving energy sector has been buffeted by recent global events and rapid pace of energy transition. “This has pushed us to adopt a future-first approach for the industry. Hence, Petronas believes that we have to pivot towards developing technology-driven sustainable solutions that will establish us as leaders in the industry for the future.”
The third installment will focus on solutions in the 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.
Twenty shortlisted startups in FutureTech 3.0 will undergo a 12-to-16 week hybrid programme from May 2023, that include masterclasses, workshops and coaching by corporate partners and industry mentors as well as global entrepreneurs.
The programme will culminate in a Demo Day at the end of August 2023, where shortlisted startups will get to pitch their solutions to the C-suites of Petronas and its corporate partners, investors, potential collaborators, among others.
FutureTech 3.0 is supported by Cradle, Malaysian Research Accelerator for Technology & Innovation (MRANTI), Multimedia Development Corporation (MDEC), Malaysian Industry-Government Group for High Technology (MIGHT), Microsoft, Amazon Web Services (AWS), SG Innovate, Leave a Nest Group, National Technology & Innovation Sandbox (NTIS), MyStartup and Tata Consultancy Services (TCS).
Applications are open until 31 March 2023. Interested startups can get details and apply via petronasft.thestartupx.com
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