The Obama Administration announced plans for the Brain Research through Advancing Innovative Neurotechnologies (BRAIN) Initiative, for which the president will request $100 million in funding for fiscal 2014. The Initiative will seek to develop technologies to image individual brain cells and neural-circuit interactions with the goal of improving the treatment of brain disorders. The budget request will consist of $40 million for the NIH Blueprint for Neuroscience Research, $50 million for the Defense Advanced Research Projects Agency and $20 million for the NSF. Private sector participants include the Allen Institute for Brain Science, which will spend $60 million per year on related projects; the Howard Hughes Medical Institute, which plans to contribute a minimum of $30 million per year to related research; the Kavli Foundation, which will spend $4 million annually; and the Salk Institute for Biological Studies’ Dynamic Brain Initiative, which will spend more than $28 million.

Source: The White House