# Stop overlooking Malaysia as a tech startup hub.

**Published by:** [Durwin](https://paragraph.com/@durwin/)
**Published on:** 2023-02-24
**URL:** https://paragraph.com/@durwin/stop-overlooking-malaysia-as-a-tech-startup-hub

## Content

The Petronas Towers, aka Twin Towers, was once the tallest building in Asia and the pride and jewel of Malaysia.When we speak about tech startups in Asia, Malaysia rarely comes up. Rightly so. There are so many factors that contribute to that reality. But no ecosystem is perfect. Not even the mighty Silicon Valley or Singapore’s Blk71. The Malaysian startup ecosystem is budding but rich in flavor. The founders are hungrier and more willing to learn compared to the West. The talents are getting more savvy, experienced and thoughtful. There is a huge gap in the Malaysian early stage ecosystem. There are comparatively fewer entrepreneurs who are willing to found companies. There are fewer quality startups brewing than before. This is a problem. But it also presents a unique opportunity. A gap to fill is a good thing.Launching the Petronas FutureTech 3.0 Accelerator!We know what we need to do. To encourage more founders to solve bigger problems, to go deeper into tech niches and start exploring more creative ways of doing things. We need to stimulate more early-stage growth and present more opportunities for founders to start. The growth potential is huge and we intended to bring it to life. A resurgence is needed. What we need to do is understand why, strategize wisely and execute effectively. That is why StartupX is partnering with Petronas and launching the PETRONAS FutureTech Accelerator Programme — “FutureTech 3.0”. We are looking for innovative, forward-thinking and interesting startups that dare to break the mould. As a company, StartupX is committed to discovering and nurturing technology entrepreneurs, scaling them up to global standards, and building and influencing the tech-driven startup ecosystem.Startups and founders, join us for this exciting opportunity!In this edition, we are proud to welcome a robust line-up of Corporate Partners and Ecosystem Partners who will work with us to unlock synergies from cross-industries expertise and maximize the value impact of the programme to the startups. It will be a 12 to 16 week hybrid accelerator. We are on the lookout for forward-thinking innovation in the areas of Sustainability/Decarbonization, Future of Energy & Mobility, Future of Industry & Works, Future of Chemical & Materials, and Frontier Technology. Our programme aims to empower budding entrepreneurs to take their ideas to the next level and make a significant impact on the tech startup ecosystem. By providing the necessary tools and resources, we hope to build a strong and sustainable tech ecosystem that will drive innovation and growth in the region. Through the PETRONAS FutureTech Accelerator Programme, we seek to bridge the gap in the Malaysian early-stage ecosystem and encourage more founders to solve bigger problems, explore tech niches, and start exploring more creative ways of doing things.An accelerator is only as good as the partners it brings onboard, and we are heartened by the support shown from all the ecosystem partners in Malaysia!We believe that a gap to fill can be a good thing, and we are excited to help spur entrepreneurs to fill that market gap and become successful. We are proud to have a strong line-up of partners joining us on the journey. Corporate Partners:Gentari Sdn. Bhd.Tenaga Nasional BerhadDRB-HICOM BerhadSembcorp Industries LtdHyundai Motor CompanyVitolKhazanah Nasional BerhadEcosystem Partners:CradleMalaysian Research Accelerator for Technology & Innovation (MRANTI)Multimedia Development Corporation (MDEC)Malaysian Industry-Government Group for High Technology (MIGHT)MicrosoftAmazon Web Services (AWS)SG InnovateLeave a Nest GroupNational Technology & Innovation Sandbox (NTIS)MyStartupTata Consultancy Services (TCS)The amazing team behind the scene, working hard to make things happen.We invite all tech startups in the Asia Pacific region to apply for the PETRONAS FutureTech Accelerator Programme — “FutureTech 3.0”. Applications are open until March 31, 2023. Come join us on this exciting journey and let us work together to shape the future of tech in Malaysia and the region. Huge thanks to our ecosystem partners and friends for joining us along the journey. Find out more here: https://petronasft.thestartupx.com/ - Is the Malaysian startup ecosystem growing? -

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