The Irish government has invested €5 million (£4.03 million) in the launch of an Irish Centre for Cloud Computing and Commerce (IC4).

The government-funded technology centre located at Dublin City University is designed to drive cloud computing innovation and adoption in Ireland, as well as create new jobs.

IC4 has the support of Microsoft, Fujitsu, Intel and IBM and will focus on partnering researchers with industry "in order to turn good research ideas into good jobs in the Irish economy", said the government.

Although headquartered at Dublin City University (DCU), additional research capacity will be provided at University College Cork (UCC) and Athlone Institute of Technology (AIT).

Gerard Lande, senior commercialisation specialist at Enterprise Ireland, said: “Cloud Computing transcends traditional business boundaries and opens up many new opportunities in the service sector with global value chains.

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“Developing capability in this area is increasingly important as cloud computing proliferates into other business domains."

In in similar news, Fujitsu Ireland and local scientists have formed a research alliance to explore the commercial opportunities that can be exploited through the semantic web.

The semantic web Big Data project is a collaborative movement led by the World Wide Web Consortium (W3C) that promotes common formats for data on the web. By encouraging the inclusion of semantic content in web pages, the semantic web aims to convert the current web of unstructured documents into a "web of data".

Fujitsu has begun a "significant investment" in a research programme with the Digital Enterprise Research Institute (DERI) based at university NUI Galway.