PETRONAS recently held FutureTech 4.0 Demo Day, the finale of its 12-weeks accelerator programme. After a series of masterclasses, coaching and mentoring sessions, 19 high-potential startups pitched their solutions in sustainability, digitalisation and operational efficiency to an audience of investors, corporates and industry leaders.

PETRONAS FutureTech 4.0 is pursued in collaboration with corporate partners, including S P Setia Bhd, Xplor Ventures the Corporate Venture Capital (CVC) arm of PTTEP, Bosch Business Innovations the Corporate Venture Builder unit of the Robert Bosch Group and Living Lab Ventures Indonesia the CVC arm of Sinar Mas Land.

PETRONAS Senior Vice President of Group Corporate Strategy, Marina Md Taib said: “FutureTech reflects PETRONAS’ commitment to nurturing innovation that delivers lasting value. By connecting startups, corporates and ecosystem partners from Malaysia and the wider region, we are creating pathways for new solutions to scale and contribute to industries and communities. This is part of our long-term effort to strengthen Malaysia’s innovation ecosystem and support a responsible energy transition. We congratulate the winners and look forward to their next stage of growth.”

The event recognised the achievements of nine outstanding startups whose solutions demonstrated strong potential for scalability, industry relevance and meaningful impact. The PETRONAS FutureTech 4.0 Award Winners are:

• PETRONAS Award:
  • Enygma – AI unlocked.
  • TeamSolve – AI for Asset Maintenance.
  • Asuene – Carbon Accounting Solution.

• S P Setia Award:
  • Logical Structure – Modular Living.

• Xplor Ventures Award:
  • KinetixPro – Next – Gen for AI Safety.
  • MUI Robotics – Artificial Sense Platform.

• Living Lab Ventures Award:
  • Carnot Innovations – Energy Saving Control.

• Bosch Business Innovations Award:
  • Blue Whale Energy – Battery-powered virtual power plant.
  • KinetixPro – Next-Gen for AI Safety

• Fan Favourite:
  • Aqufish – Precision Fish Farming.

The programme now enters the Immersion and Deployment Phase, where winners will have the opportunity to work with PETRONAS and its programme corporate partners. Resources are provided according to the award, including tailored mentoring, pilot projects, market access and collaboration on scalable solutions.

Since 2019, PETRONAS FutureTech has accelerated over 60 startups resulting in pilots, commercial deployments and partnerships that continues to strengthen Malaysia’s innovation ecosystem. It exemplifies PETRONAS’ commitment to advancing innovation, developing solutions with startups and corporate partners to address real industry challenges.