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$1 Million Global B.R.A.I.N. Prize Announced by Israel Brain Technologies
Date:9/12/2012

JERUSALEM INTERNATIONAL CONVENTION CENTER, Israel, September 12, 2012 /PRNewswire/ --

Israel Brain Technologies (IBT), a new initiative inspired by the vision of Israeli President Shimon Peres, is announcing the launch of its $1m global B.R.A.I.N. Prize (Breakthrough Research And Innovation in Neurotechnology).  The launch will be followed by a "fireside chat" by President Peres.

The million-dollar prize will go to an individual or team throughout the world who can demonstrate an extraordinary breakthrough in brain technology with global implications.

The B.R.A.I.N. Prize aims at engaging the best and brightest minds across the planet to spark a new wave of neurotechnology innovation. The prize will also showcase Israel as an international hub for innovation in brain research and technology, helping position Israel as not only the "Startup Nation," but also the "Brain Nation."

"There is no doubt that brain research in the next decade will revolutionize our lives and impact such major domains as medicine, education, computing, and the human mind, to name but some. Moreover, it will not only relieve the suffering of patients of such debilitating diseases as Parkinson's and Alzheimer's, but it will also engender large economic rewards as well," according to President Peres. "With its reputation as a 'start-up' nation, renowned for its innovative and creative initiatives and its focus on science and technology as an engine for economic development, Israel is well-positioned to assume a leadership role in the emerging neurotechnology industry that promises to make the world a better place."

Prize winners could, for example, help treat neurological disorders like Alzheimer's, Parkinson's, depression, PTSD or even sports-related brain trauma. Or they could create the next cutting-edge brain-inspired technology that will alter our day-to-day lives.

The international judging committee will be composed of distinguished leaders
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SOURCE Israel Brain Technologies (IBT)
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