Eight medical technological companies have come together in Sligo to form a cluster, which has been launched by the Minister for Business, Enterprise and Innovation, Heather Humphreys.
The Atlantic MedTech Cluster is one of the first set up under an Enterprise Ireland programme.
It has a combined annual revenue of €33m and employs 287 people.
The companies involved are Arrowtek, ATS, iNBLEX Plastics, Pharma Stainless, SL Controls, Tool and Guage, Verus Precision and Ward Automation.
The companies are all based in the north west.
The coming together in a cluster helps them in the promotion and sourcing of medical device design and manufacturing in Ireland.
It also allows potential clients to easily access multiple leading MedTech service providers in Ireland, as well as allowing collaboration on projects that will streamline management, resources and delivery.
Andrew Hodson, managing director of Verus Precision, says this is a very new concept in Ireland.
Niall O Donnellan, head of ICT and international services at Enterprise Ireland, says it will enable companies win more business in the expanding global medical technology market.