PETRONAS adds 20 global startups to FutureTech
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS), in collaboration with its corporate partners, has selected 20 high potential startups for the fourth edition of its FutureTech accelerator programme.
The selected startups representing seven countries, including Malaysia, Singapore, Thailand, Hong Kong, Japan, Australia and the United States, are advancing innovative solutions aligned with the programme's three key themes: Future of Industry and Work, Future of Energy and Future of Chemicals and Materials.
PETRONAS senior vice-president of Corporate Strategy, Marina Md Taib said: 'Each edition of FutureTech by PETRONAS unlocks new synergies between corporates and startups not only for the energy industry but also for industries committed to driving progress for society responsibly, and sustainably.
'The diversity and technology offerings from this year's cohort demonstrate the strength of innovation emerging across the region. We look forward to this journey of collaboration between corporates, ecosystem partners and startups to meaningfully nurture a thriving innovation landscape,' she added.
The startups were selected following a Pitch Day, where each team presented to a multi-disciplinary jury panel. Selection was made based on commercial readiness and strategic fit.
FutureTech 4.0 is run in collaboration with S P Setia Bhd, Xplor Ventures the Corporate Venture Capital arm of PTTEP, Bosch Business Innovations and Living Lab Ventures Indonesia. — Bernama
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