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Infosys has $10m for Irish start-ups

Dublin, Bangalore: Infosys is to make a big investment in Ireland following its selection as a strategic partner by Allied Irish Banks, p.l.c. (AIB). Infosys will provide application development and management, and transformation and innovation services to AIB and set up a 200-seat facility in Dublin to house the staff who will be transferring from the bank. The deal gives Infosys a springboard to expand its services into a new market. Also it intends to set aside $10m from its global Innovation Fund for Ireland-based start-ups. Earlier this year, Infosys announced the $500m Innovation Fund earmarked for investments in the growth of disruptive new technologies.

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