PETRONAS FutureTech 3.0 Shortlists 20 Local and Asia Pacific Startupsby Fintech News Singapore June 20, 2023
PETRONAS has announced the selection of 20 startups from across Asia Pacific to participate in the third edition of PETRONAS FutureTech, an intensive technology accelerator programme.
The PETRONAS FutureTech 3.0, co-organised with StartupX, a Singapore-based innovation, venture and startup enabler, marks a significant milestone as it welcomes startups and partners from the region for the first time.
The 20 startups were selected from a competitive pool of applicants representing Malaysia, Singapore, Indonesia, India and Australia.
Arni Laily Anwarrudin, Head of PETRONAS Ventures said,
“At PETRONAS, we are dedicated to support the growth of startup founders and fostering collaboration and innovation between multi-industry corporations and startup technology companies. We welcome the new FutureTech 3.0 cohort, which represents a diverse range of interesting technologies Corporates are actively seeking.
Through the programme, we hope to impart industry best practices while providing startups greater market access for growth and scalability across the region. By embracing forward-thinking approaches driven by technology, PETRONAS is committed to developing sustainable solutions that will drive positive change and contribute to a greener and more resilient future.”
In addition to the 20, 5 startups from PETRONAS’ internal innovation programme, PETRONAS Innovation Garage and SEEd.Lab will also be joining the FutureTech 3.0 cohort. This collaboration is expected to create a blend of technology and social development solutions.
FutureTech 3.0’s 16-week hybrid programme will commence with an industry immersion week in Kuala Lumpur and Singapore consist of experiential learning and physical site visits.
The startups will also be given an opportunity to showcase their solutions and offerings to an international audience at Energy Asia 2023 from 26 to 28 June in Kuala Lumpur.
Since its launch for entries in February 2023, FutureTech 3.0 has welcomed seven new corporate partners, including Gentari, Tenaga Nasional, DRB-HICOM, Sembcorp Industries, Hyundai Motor Company, Vitol and Khazanah Nasional.
The programme will also be supported by ecosystem partners, namely Cradle, Malaysian Research Accelerator for Technology & Innovation (MRANTI), Malaysia Digital Economy 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).
The programme has already demonstrated its potential, with three ventures from past two cohorts receiving investments from PETRONAS Ventures and over 20 companies collaborating with PETRONAS on the business front.
Here’s a list of the startups for PETRONAS FutureTech 3.0:
A unified e-mobility platform providing a borderless & interoperable charging experience for drivers.
Technology converts contaminated and unsorted plastic into a new road construction material to pave greener roads.
Integrated on-site waste conversion solution to empower organisations towards circular economy and renewable energy.
Empower micro businesses, including street vendors, by enhancing their financial literacy and utilising data analytics to maximise their potential.