India’s second largest IT exporter Infosys said it had set aside $10 million to fund Ireland-based start-ups. The company said the fund would be from its recently formed $500 million Innovation Fund meant for investments in disruptive technologies.
Infosys also said it had been selected as a strategic partner by Allied Irish Banks, a financial services group operating in the Republic of Ireland and the U.K..
Mohit Joshi, Executive Vice-President, Global Head of Financial Services, Infosys, said, “Our investment in the Irish start-up community reflects our belief that Ireland is a strong and vibrant nation, home to entrepreneurs who share our vision of technology as a way to drive growth.”
The new partnership with AIB will help Infosys expand its services into a new market.
