The Government has launched a new Health Innovation Hub aimed at securing more links between the health service and businesses.
The venture will get €5m in funding over the next 5 years.
It has already supported 23 projects, including an online tool for GPs that lets them monitor the physical activity of patients.
Minister for Jobs Richard Bruton has said it opens up huge opportunities for the health and business sectors.
“The Health Innovation Hub was identified as a Disruptive Reform in the APJ and I am delighted that we have now progressed to establishing the Hub at the national level,” said Bruton.
“We have combined exports from our lifesciences and ICT sectors of over €140 billion annually and the strengths of our enterprise base can be leveraged to deliver much needed innovation into our health system and at the same time sustain and create more jobs in these sectors.
“The commitment by Government to a facility such as the Health Innovation Hub also sends out a very strong message to international companies considering investing in Ireland that we are committed to developing even stronger links between the health and enterprise sectors and the high level R&D driving each sector. As part of our long term plan this will help turn good ideas into good jobs and ultimately make a major contribution in a drive towards full employment. ”