More than 200 scientists in Ireland are to receive almost €50 million in funding for new research projects over the next five years.
The money is coming from the Department of Jobs, Enterprise and Innovation, through Science Foundation Ireland's Investigators Programme.
The programme aims to support scientific research that has the potential to bring economic and social benefits to the country.
More than 200 people submitted ideas that were reviewed by 400 international scientists.
A total of 36 projects, involving over 200 Irish-based researchers, were selected for grants of up to €3.1m.
The research focuses on a range of areas, including Information and Communications Technology (ICT), health sciences and energy.
In total €47m will be made available to the scientists between now and 2019.
Minister for Jobs, Enterprise and Innovation Richard Bruton said the funding would help attract foreign direct investment, as well as support 62 private sector companies.
SFI Director General Professor Mark Ferguson said the programme would have an indirect impact on many other research initiatives by allowing for the development of further research links with industry.