The focus themes for this batch are Industry 4.0, specialty chemicals and advance materials, future of energy, digital transformation and retail innovation

Oil and gas company Petronas has announced a partnership with global investor 500 Startups to launch a technology accelerator in Malaysia.

The programme, called Petronas FutureTech, aims to discover and nurture home-grown technology entrepreneurs, scale them up to global standards, as well as build and influence the tech-driven startup ecosystem in the country.

The focus themes for this first batch are Industry 4.0, specialty chemicals and advance materials, future of energy, digital transformation and retail innovation.

Up to 20 local startups will be selcted to undergo an intensive 8-week programme.

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The programme includes lectures, workshops, coaching with mentors from Silicon Valley and 500 Startups’s global network, as well as experts from Petronas’s businesses and the oil and gas industry.

At the end of the programme in November, the startups will pitch their to Petronas, investors, potential collaborators, and the media.

The top three startups will then proceed to participate in a global immersion programme to deepen their expertise in business development as well as taking up opportunities to go global.

The selected startups would gain access to Petronas’s resources, experts and reach of the Fortune Global 500 organisation.

Applications for the programme are now open until September 16, 2019.

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