The Irish Stem Cell Foundation has warned that current restrictions on research in Ireland are preventing inward investment in the bio-tech sector.
It is calling on the Government to pass legislation promised in the programme for government to create a clear framework for the use of stem cells in scientific research.
Until such laws are in place, the group says Ireland cannot compete with international research in a growing number of areas.
Stephen Sullivan, Chief Scientific Officer at the Irish Stem Cell Foundation, said stem cell research fed into areas such as drug screening and disease prevention.