(JTA) — A $1 million prize for a breakthrough in brain technology was announced in Israel.
Israel Brain Technologies, an initiative inspired by Israeli President Shimon Peres, on Wednesday launched the global BRAIN (Breakthrough Research and Innovation in Neurotechnology) Prize, which will be awarded to an individual or team who can demonstrate an extraordinary breakthrough in brain technology with global implications, according to a statement.
“In the coming 10 to 15 years, brain research will be the most important one. It will revolutionize our lives,” Peres said in the statement, calling brain research the "next big frontier."
The international judging committee will be composed of leaders in neuroscience, technology and business.
“The BRAIN Prize will bring together the best minds across geographic boundaries to create the next generation of brain-related innovation, from Brain Machine Interface to Brain Inspired Computing to urgently needed solutions for brain disease,” Rafi Gidron, the founder and chairman of Israel Brain Technologies, said in the statement.
The prize will be awarded at the Global Brain Technology Conference in 2013.