Almost £5 million has been made available by Invest NI to attract innovation and technology to improve patient healthcare in Northern Ireland.
The funding will be open to companies which choose the region to carry out research and development, health minister Edwin Poots said.
He is on a four-day visit to Boston in the US, meeting key European and American political and business leaders.
"This financial support aims to encourage companies from the US and EU to base their research into connected health in Northern Ireland," he said.
"There is no doubt that we have much to offer; we are large enough to be a test-bed for innovative initiatives and yet, we are small enough to be nimble and flexible with our integrated health and social care sector."
The £4.7 million of assistance is provided by government jobs creation body Invest NI through its grant for research and development, and is available over the next three years.
Support is available for companies capable of developing leading edge technologies.