University of Galway, ATU Galway and a number of other local companies are involved in two projects which will receive €9m in funding.
Tánaiste Leo Varadkar announced a €13m fund for three innovative projects.
The funding is aimed at driving investment in research and innovation.
One project, receiving €4.6m, is lead by University of Galway-based Venari Medical, alongside ATU Galway and ICS Medical Devices in Ballybrit.
The other project will get €2.8m and sees University of Galway team up with Galway-based Glasport Bio Ltd and University College Cork.
The Galway-led projects are exploring research in the MedTech and Climate Action sectors.]