PETRONAS FutureTech, an accelerator programme to encourage local innovations and support Malaysian startups, held its first Demo Day with 19 startups from the energy, industry, and digital innovation sectors recently.

The programme under the PETRONAS Corporate Venture Capital (CVC) arm aims to discover and nurture local technology entrepreneurs and contribute to a tech-driven startup ecosystem for Malaysia.

The first batch of startups pitched their business solutions to an audience of venture capitalists, top executives from Malaysian Government Agencies and GLCs, and other members of the Malaysian and regional startup ecosystem.

Out of the batch, three startups were selected to take part in a two-week global immersion programme hosted by 500 Startups in San Francisco in early 2020.

The startups are POMEN, an automotive aftermarket platform that connects car and motorcycle owners with nearby workshops and mechanics, GA Alliance, a platform that brings together financial professional expertise with digital solutions to transform accounting and AdEasy, a platform for offline ad space.

Source: PETRONAS FB Page