- Applications are open until 18 April 2025
- Twenty shortlisted startups will undergo a 12-week accelerator programme
Petronas has launched the fourth edition of its accelerator programme, FutureTech 4.0, to scale innovative solutions that tackle real-world industry challenges and redefine the future of energy.
In a statement, the company said applications are now open for this edition, which focuses on driving innovation and sustainability across three key categories: industry and work, energy, and chemicals and materials.
Twenty shortlisted startups will undergo a 12-week accelerator programme, gaining access to masterclasses, tailored workshops, and one-on-one mentorship. The programme also offers business immersion with strategic partners, networking opportunities, new market access, funding support, and pilot testing initiatives to help scale their solutions.
The programme will begin with an immersion week, coinciding with Energy Asia this June, and will culminate in a demo day in August 2025. During demo day, startups will pitch their solutions to C-suite executives from Petronas and its corporate partners, as well as investors and potential collaborators.
Petronas senior vice president of corporate strategy, Marina Md Taib, said: “At Petronas, we believe innovation is key to shaping a sustainable future. Through FutureTech 4.0, we aim to cultivate a culture of innovation and entrepreneurship while nurturing a strong tech-driven startup ecosystem in Malaysia and the wider Asia-Pacific region.”
“The programme provides startups with a platform to develop solutions that address industry challenges and unlock new growth opportunities while contributing to long-term socio-economic transformation. With the support of our corporate partners, startups will have the chance to validate their innovations, scale their solutions, and make a meaningful impact on energy transition efforts,” she added.
According to Petronas, the past three cohorts have attracted over 900 applicants and supported the growth of 65 startups. In collaboration with corporate partners including S P Setia Bhd, Xplor Ventures—the corporate venture capital arm of PTTEP—and Borch, FutureTech 4.0 aims to drive innovation in the energy sector, foster the next generation of innovators, and empower startups to scale. The programme will also receive support from key startup ecosystem partners, including Malaysia’s Cradle Fund, Singapore’s SGInnovate, and the Japan External Trade Organization.
Applications are open until 18 April 2025. Interested startups can find more information at https://www.petronas.com/ventures/futuretech4.0/