KUALA LUMPUR — Dec. 4, 2019: Petronas FutureTech, an accelerator programme to encourage local innovations and support Malaysian startups, held its first Demo Day recently, with 19 startups across the energy, industry and digital innovation sectors.
The programme was an initiative under Petronas Corporate Venture Capital to discover and nurture local technology entrepreneurs and contribute to the tech-driven startup ecosystem of Malaysia, said the national oil company in a statement today.
Demo Day showcased diverse technology-driven solutions, which included renewable energy marketplaces and EV chargers, to first and mid-mile logistics and nano-coatings.
Petronas president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin said the need to innovate has never been more pivotal for the industry to remain competitive and resilient amidst the changing energy landscape.
“Petronas is committed to redefining the future of energy with innovative approaches to project, technology and engineering to maximise and deliver sustainable energy for tomorrow, aligned to our statement of purpose.
“The programme will pave the way for Petronas to nurture Malaysia’s tech startup ecosystem with the aim of providing them with the opportunity and support to scale their ventures through the acquisition of new capabilities and skill-sets, as well as exploring non-traditional partnerships, making them global-ready to solve business challenges with local innovations,” he said.
The accelerator programme kicked off its first batch in early October with 20 startups selected out of more than 150 applicants. They were exposed to a series of lectures, workshops and coaching from expert mentors from Silicon Valley and 500 Startups’ global network, as well as industry talent experts, throughout the eight-week programme. — Bernama