Infosys on Friday said it will invest $10 million (about Rs63 crore) in Ireland-based start-ups that are developing disruptive technologies and is expanding presence there by setting up a unit in Dublin.The Bangalore-based IT services firm has been selected as a strategic partner by Allied Irish Banks (AIB), a financial services group operating predominantly in Ireland and the UK, to set up a 200-seater unit in Dublin.
“Infosys intends to set aside $10 million from its global Innovation Fund for Ireland-based start-ups. Infosys is keen to continue sharing its expertise to assist start-ups that are developing and enabling these (disruptive) technologies,” Infosys said in a statement.Earlier this year, Infosys had announced the $500 million Innovation Fund, earmarked for investments in the growth of disruptive new technologies.