PETRONAS Ventures
FutureTech
FutureTech serves as a growth accelerator partner in Malaysia, driving the technology-focused startup ecosystem while aligning with and serving PETRONAS’ business needs.
Overview
PETRONAS FutureTech is an accelerator programme tailored for early to growth startups, designed to bring innovative solutions into PETRONAS’ innovation pipeline where they can be defined, piloted, and activated. The programme is committed to driving innovation, sustainability, and nation-building by identifying and nurturing emerging tech talent to tackle real-world industry challenges while fostering economic growth.
Through strategic collaboration with corporate partners across Asia Pacific, FutureTech equips startups with the tools and opportunities to scale, strengthening Malaysia’s tech-driven ecosystem and contributing to the region’s socio-economic transformation.
Value Preposition
Value Preposition
Synergy among Corporates, Government & Ecosystem to accelerate local startup ecosystem (Nation Building)
Value Preposition
FutureTech has made progressive strides in driving innovation, fostering entrepreneurship, and creating sustainable impact across the programme. Beyond just supporting the startups in scaling their innovations, the programme also creates a positive socio-economic impact to the startup community through education and skill investment as well as fostering tech-driven innovations that support the United Nations’ Sustainable Development Goals.
The following key impact statistics highlight the programme’s achievements and the transformative effects on participating startups, the industry, and the broader ecosystem.
Applicants
Startups Graduated
Countries Within APAC
Contribute to Sustainability
Female Founders & Top Management
University Spin-Offs
BU Mentors
Industry Mentors
Top Tier Programme Rating
Regional Corporate & Ecosystem Partners
Deployment Projects
Invested
At the heart of our mission is a commitment to shaping a sustainable, innovative future. We focus on critical sectors that drive progress and transformation—Energy and Mobility, Chemical and Materials, Frontier Technology, and Industry and Work. Through strategic initiatives in these key areas, we empower industries to embrace cutting-edge solutions and adapt proactively to global changes.
Solutions that enhance operational efficiency and workforce capabilities. This includes predictive maintenance systems, inventory management platforms, HSE tools, and next-generation training technologies to reduce costs, improve safety compliance, and address skill gaps in industrial operations.
Solutions that help tackle critical challenges in energy efficiency and emission reduction. This includes real-time energy monitoring, optimize energy usage, and provide actionable insights to achieve sustainability targets.
Solutions that enable the development of sustainable and/or bio-based specialty chemicals and materials. Specifically, we are looking for startups whom we can partner with in our R&D efforts.
We’re looking for startups with scalable solutions relevant to FutureTech themes, ready for pilot testing with strong market traction. Teams should have at least one committed founder, be registered entities operating for at least a year, and be open to deploying in the Asia Pacific market.
FutureTech has supported startups that tackle critical industry challenges, driving innovation in sustainability, mobility, and frontier technologies.
FutureTech thrives on partnerships with leading corporations and ecosystem enablers. These collaborations provide startups with access to industry expertise, testbeds, and funding, helping them refine solutions and create lasting impact within a global network.
What Our Startups Say
What Our Startups Say
"FutureTech has helped us to scale our Asset Digitisation - 3D Modelling innovation from proof of concept to pilot project implementation."
Teacher Raj Ridvan SinghFounder and CEO of SOLS Energy
"Since FutureTech, we have grown and expand our services to corporates nationwide."
Syed Zulhilmi Tuan SharifFounder of POMEN
"I'm glad we are given the trust to provide users a seamless charging experience with Setel."
Lee Yuen HowFounder of EVC
"FutureTech has opened doors for us to explore AI computer vision applications in supporting plant maintenance operations."
Dr Amri Karim, Dr Zafri Baharuddin and Ammar ZolkipliFounders of ITXOTIC
"FutureTech has helped us to scale our Asset Digitisation - 3D Modelling innovation from proof of concept to pilot project implementation."
George TangFounder/CEO Graffiquo Asia
