The Malaysian-headquartered oil and gas supplier's FutureTech 2.0 accelerator has opened applications for its second cohort.

Petronas, a Malaysia state-owned oil major, has started the second edition of its technology accelerator programme for local startups.

The Petronas FutureTech 2.0 accelerator is run by venture capital firm 500 Startups and has partnerships in place with government-linked companies Telekom Malaysia and Sime Darby Plantation.

The themes for the batch are industry 4.0, future of energy, digital transformation, retail innovation and specialty chemicals and advanced materials.

Arni Laily Anwarrudin, head of Petronas Ventures, said: “Following the success of the…

James Mawson

James Mawson is founder and chief executive of Global Venturing.