11 new business projects along the border are to receive a total of €17m in funding from the Government to help them develop and grow.
The projects in the North East and North West of the country will receive the money from the Border Enterprise Development Fund 2020, which will be administered by Enterprise Ireland.
Among the winning entries are an innovation-as-a-service project in Donegal that aims to accelerate the uptake of disruptive technology solutions by small firms.
A new Advanced Manufacturing and Technology Training Centre in Dundalk is also to receive €4.5m in funding.
In total, 19 applications for funding were receives, with four of the approved projects based in Louth, two in Monaghan, two in Donegal, one in Cavan, one in Sligo and one in Leitrim.
The aim of the fund is to improve the international competitiveness of enterprise in the border region in the context of Brexit and other market challenges, which now also include COVID-19.
"This fund is part of a €28m economic stimulus package, which I announced for the Border Region earlier this year," said Minister for Business, Heather Humphreys.
"It's designed to foster collaboration while helping to make businesses more resilient, more innovative and more competitive."
Meanwhile, the Government has also announced an investment of €300,000 for enterprise hubs along the Atlantic Economic Corridor.
The money is designed to help them implement measures to reopen in compliance with public health guidelines as the economy recovers from the impact of COVID-19.