Eight Irish SMEs - from Dublin, Cork, Galway and Limerick - are set to receive European Innovation Council funding.
Seven of the Irish SMEs will receive EIC Accelerator funding, which ranges from €1.5-€2.5m, while one will receive EIC Pathfinder Pilot funding worth up to €4m.
The seven SMEs who have secured EIC Accelerator pilot grants are Coroflo, CroiValve, Bluedrop Medical, Perfuze Limited, Vetex Medical, Votechnik and Beats Medical.
Dublin-based Coroflo is developing a revolutionary product to support breastfeeding with 21st century technology.
CroiValve, also in Dublin, is developing a non-surgical treatment to restore heart valve function.
Galway based Bluedrop Medical's project uses Artificial Intelligence to manage patients at risk of diabetic foot ulcers. Its remote monitoring system uses computer vision and machine learning to predict and prevent diabetic foot ulcers.
Perfuze Limited, also based in Galway, is developing a simple, repeatable way to completely remove a clot from the brain in one pass.
Galway's Vetex Medical is working on an early stage medical device that will enable the drug-free removal of clots.
Limerick's Votechnik is developing a fully automated LCD recycling technology for the global market.
And Beats Medical or Beats Therapeutics - based in Sandyford, Dublin - is developing tailored digital therapeutics for neurological and brain disorders.
And Cork-based Helixworks Technologies is to receive funding under the EIC Pathfinder Pilot. The company is developing an intelligent DNA storage system.
News of the funding was announced today in Dublin by the European Commissioner for Research and Innovation, Carlos Moedas.
The Commissioner said the European Innovation Council is about supporting the best innovators to put Europe at the forefront of the next wave of innovations.
"I would like to congratulate those Irish companies that were selected in tough competition for the latest round of European Innovation Council funding," he added.
He also said the new Advisory Board which will guide the European Innovation Council will be chaired by Mark Ferguson, Director General of Science Foundation Ireland.