Three start-ups selected for Petronas’ FutureTech 2.0

They were selected from a pool of 20 Malaysian start-ups who participated in the intensive technology accelerator programme


THREE start-ups were selected for the FutureTech 2.0 awards, a 12-week accelerator programme which provided a platform for start-ups to present their solutions and to receive mentorship, funding, as well as access to a global network of investors and partners.

A total of 20 Malaysian start-ups participated in FutureTech 2.0, which was over double than the previous year.

It was an intensive technology accelerator programme led by Petroliam Nasional Bhd (Petronas) in collaboration with Telekom Malaysia Bhd (TM), Sime Darby Plantation Bhd (SDP) and global venture capital firm 500 Startups.

Those selected are Bumi Data Mining Sdn Bhd, an end-to-end technology solutions enabler specialising in empowering organisations to cohesively bridge the digital gap and translate data into meaningful and advantageous information.

Secondly. eKomoditi Sdn Bhd, an agritech company which implements software in palm oil, rubber and durian plantations to make them operate more efficiently.

Finally, BoomGrow, an indoor tech farming company on a mission to transform farming by producing 100% clean greens through its patent pending machine farms.

The selection will push these start-ups further into regional exposure at the South-East Asia Market Access Programme which will be held in Singapore next year, fully sponsored by Petronas.

They will then continue to work closely with Petronas, TM and SDP in running and completing potential pilot projects to validate the technology with business divisions within these companies.

Head of Petronas Ventures Arni Laily Anwarrudin said FutureTech 2.0 underlined Petronas’ commitment to position itself as a progressive energy and solutions partner ready to deliver innovative, game-changing and sustainable actions to face the energy transition, as well as consumer demand.

“Through this partnership with TM, SDP and 500 Global, we are excited about the prospects of collaboration and commercial opportunities with the 20 selected start-ups.

“We look forward to enabling them to gain new capabilities and skill sets, and supporting them in bolstering their ventures and readiness for the future,” she added.

FutureTech 2.0 are open to all start-ups based in Malaysia, regardless of the industry they are operating in.