Science and technology projects in Northern Ireland are set to receive £30 million from the UK's modern Industrial Strategy.
The package will be allocated by local leaders and will build on successful pilots in other parts of the UK which have attracted more than £140 million of private investment and created hundreds of jobs so far.
For example, the funding could go to support the cybersecurity sector, which is home to 100 businesses and 2,750.
UK Government Industry Minister Sarah Jones said: "From defence and cyber to the creative industries Northern Ireland’s economy has great strengths, which is why I’m in Belfast speaking to businesses about how our modern Industrial Strategy can help them grow and create well-paid jobs for local people.
"This includes millions for Northern Ireland’s cyber and tech sectors, £1.6 billion supporting Thales to make missiles for Ukraine, and an Enhanced Investment Zone to tear down barriers to growth and boost prosperity across Northern Ireland, as part of our Plan for Change."
Northern Ireland Secretary Hilary Benn said: "This is great news for Northern Ireland and for the businesses that will benefit from this Government’s modern Industrial Strategy.
"The investment being announced today will create new opportunities, support long-term growth and innovation, create high-quality jobs, and strengthen fast-growing sectors like advanced manufacturing and the creative industries."