Another €100m is being made available under the Government's Disruptive Technologies Innovation Fund for three-year projects up to 2022.
The fund is operated through the Department of Business, Enterprise and Innovation.
It aims to drive collaboration between the country's research base and industry as well as allowing enterprises to compete directly for funding in support of the development and adoption of these technologies.
The aim is to support investment in the development and deployment of disruptive technologies and applications on a commercial basis.
Disruptive technologies are technologies that have the potential to significantly alter markets and their functioning and significantly alter the way that businesses operate.
The fund is competitive and will be assessed by an independent international panel of experts.
It will drive enterprise collaborations involving firms of all sizes including a requirement for at least one SME in every consortium.
The extra funding was announced at an event at the University of Liomerick today which is looking at the impact of technological change on Irish businesses.
The projects have to align with the country's research priority areas. Themes include robotics, Artificial Intelligence, augmented and virtual reality, health and wellbeing, advanced and smart manufacturing and smart and sustainable food production and processing.
At today's event Heather Humphreys, the Minister for Business, Enterprise and Innovation, said technological change is already impacting on several sectors, such as manufacturing, finance, retail and transport.
According to a recent study by the OECD, Irish workers face a 46% chance that their job will be automated by the 2030s.
"This presents challenges but also new possibilities - certain job roles will disappear or be redefined, and brand-new job roles will appear requiring new and different skillsets. Against this backdrop, it's crucial that we position Ireland to respond to changes ahead," Minister Humphreys said.
The Minister said that the Disruptive Technologies Innovation Fund is a key part of the Government's efforts to prepare now for tomorrow's world.
"The successful projects will be rooted in collaboration between industry and academia, with a clear focus on commercialisation. Crucially, they will have a transformative impact on how we work or live," she added.