Petronas selects new startups for accelerator programme

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Juntamente com os seus parceiros, Petronas deu as boas-vindas a 20 novas startups promissoras na quarta iteração do FutureTech, um programa acelerador.

Petronas is based in Malásia, but the selected startups come from a range of countries. The programme focuses on solutions that progress one or more of its key themes, namely the Future of Chemicals and Materials, Future of Energy and Future of Industry and Work.

Marina Md Taib, the senior VP for corporate strategy at Petronas, said the programme promoted new collaboration between startups and industrial corporations, with an interest in advancing sustainability and social responsibility. She added:

"A diversidade e as ofertas tecnológicas do grupo deste ano demonstram a força da inovação emergente em toda a região. Estamos ansiosos por esta jornada de colaboração entre empresas, parceiros do ecossistema e startups para nutrir de forma significativa um cenário de inovação próspero."

Petronas, which is also a maker of industrial lubricant products like turbine oil, chose the startups following a pitch day. A panel of judges from multiple disciplines made decisions based on each proposition’s potential for addressing problematic points in the energy transition, strategic fit and commercial preparedness. A further three ventures were also included from the internal initiatives driving innovation at Petronas.

FutureTech 4.0 will now involve a hybrid accelerator programme for the 23 ventures over 12 weeks. The starting immersion week of this coincided with Energy Asia, which was held on June 16–18 in Kuala Lumpur. On completing the programme, the ventures will pitch to Petronas and other interested corporate players.

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