Malaysia’s state-owned oil and gas firm Petroliam Nasional Berhad (Petronas) has launched the fourth edition of its accelerator program, FutureTech 4.0, aimed at scaling innovative solutions that addresses real-world industry challenges and redefine the future of energy.

Open for applications now, this edition will focus on driving innovation and sustainability across three key categories: Industry & Work, Energy and Chemicals & Materials, Petronas said in a statement on Wednesday.

Twenty shortlisted startups will undergo a 12-week accelerator program, gaining access to masterclasses, tailored workshops, and one-on-one mentorship and coaching.

The program will also provide business immersion with strategic partners, access to networks, new markets, and funding opportunities, as well as pilot and test-bedding initiatives to support the scaling of their startups.

The program will begin with an Immersion Week, which coincides with Energy Asia this June, and culminate in a Demo Day at the end of August 2025.

During Demo Day, startups will present their solutions to C-suite executives from Petronas and its corporate partners, as well as investors and potential collaborators.

“At Petronas, we believe that innovation is key to shaping a sustainable future,

“Through FutureTech 4.0, Petronas aims to cultivate a culture of innovation and entrepreneurship, while nurturing a robust tech-driven startup ecosystem in Malaysia and the broader Asia Pacific region,” Petronas Senior Vice President of Corporate Strategy Marina Md Taib said.

“The program offers startups 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 opportunity to validate their innovations, scale their solutions, and make a meaningful impact towards energy transition efforts,” she added.

The past three cohorts have attracted over 900 applicants and supported the growth of 65 startups.

In collaboration with our corporate partners, S P Setia Bhd, Xplor Ventures the Corporate Venture Capital (CVC) arm of PTTEP, Bosch Business Innovations, the Bosch Group’s venture building arm*, FutureTech 4.0 aims to drive innovation in the energy sector, foster the next generation of innovators, and empower startups to scale their solutions.

The program will also receive support from key startup ecosystem partners including Malaysia’s Cradle Fund, Singapore’s SGInnovate, and Japan External Trade Organization.

Applications are open until 18 April, 2025.

#FutureTech #EnergyInnovation #SustainableSolutions #StartupAccelerator #TechForGood