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PETRONAS Startup Programs & Corporate Open Innovation Analysis Energy & Environment · Energy

PETRONAS was incorporated on 17 August 1974 as the national oil company of Malaysia, vested with the entire ownership and control of the petroleum resources in the country. It has since grown from merely being the manager and regulator of Malaysia’s upstream sector into a fully integrated oil and gas corporation, ranked among the FORTUNE Global 500® largest corporations in the world.
petronas.com Kuala Lumpur, Malaysia Founded Available with StartupBlink Pro

In StartupBlink's Corporate Startup Activity Index, PETRONAS ranks #175 globally and #1 in Malaysia. It ranks #13 in the Energy & Environment industry and #11 in the Energy subindustry.

Global
Corporate Startup Activity Index
#175
Industry
Energy & Environment
#13
Subindustry
Energy
#11
National · Malaysia
Corporate Startup Activity Index
#1
More Ranked Corporates
Key metrics

PETRONAS Startup Activity Metrics

PETRONAS has supported 51 startups through programs and investments, with those companies raising a combined $436 million over the last ten years. The company currently operates 1 active startup programs.

Overview

Explore PETRONAS's investments, startup programs, and corporate open innovation activity

PETRONAS has deployed more than $110 million in startup investments through its startup programs, strengthening its position as one of the leading innovation-driven corporations globally.

The company currently runs 1 active startup program supporting 51 startups worldwide across industries such as Ecommerce & Retail, Edtech, Energy & Environment, and Fintech.

The corporate-innovation activity is concentrated in Hardware & IoT, Energy & Environment, and Software & Data, categories where PETRONAS's scale provides outsized leverage to early-stage startups.

Activity breakdown

Where PETRONAS-associated startups operate

Sector, HQ-city and program-location breakdowns for the startups associated with PETRONAS. Unlock the full breakdown with StartupBlink Pro.

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Sector, HQ-city, and program-location breakdowns for all 51 startups associated with PETRONAS are part of StartupBlink Pro.

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Programs & CVC

PETRONAS Startup Programs and Corporate Venture Capital initiatives

PETRONAS engages startups through 1 active program, supporting 51 startups in total based on our database.

PETRONAS FutureTech
PETRONAS FutureTech
Cohort Program · est. 2016
Cohort Program
The PETRONAS FutureTech 3.0 accelerator programme is designed to support the growth and development of startups over a 12-16 weeks programme.
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List of Startups

Top startups associated with PETRONAS

PETRONAS's top 5 associated startups have raised 79% of the $436 million raised in the last ten years across all 51 associated startups, led by Qoala at $134 million. PETRONAS is associated with 51 active startups. PETRONAS FutureTech supports the largest number of startups, with 53 associated startups.

Disclaimer: This is based on general open web search and prone to mistakes.

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Startups associated with PETRONAS
StartupSB ScoreIndustryHQ cityLink Type to CorporationLinked via
QoalaQoalaSB 518FintechJakartaCohortPETRONAS FutureTech
BillplzBillplzSB 454FintechKuala LumpurCohortPETRONAS FutureTech
BorongBorongSB 418Ecommerce & RetailKuala LumpurCohortPETRONAS FutureTech
Showing 3 of 51 startupsExport to CSV →Pro

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Corporate Startup Activity Index · 2025

Global Corporate Open Innovation Rankings

Explore the top 372 corporations in StartupBlink's Corporate Startup Activity Index. PETRONAS ranks #175 globally and #1 in Malaysia. It accounts for 3% of the measured corporate startup activity in the Energy & Environment industry and 48.4% of the activity generated by corporations in Malaysia. Unlock more granular data on each corporation with StartupBlink Pro.

Download the 2025 Report