More Than $300 Million to Boost Obama's BRAIN Initiative

by Thilaka Ravi on  October 1, 2014 at 12:40 PM Mental Health News   - G J E 4
An announcement of more than $300 million in funds on Tuesday has come to boost President Barack Obama's initiative to study the brain and improve treatment of conditions like Alzheimer's and autism.
More Than $300 Million to Boost Obama's BRAIN Initiative
More Than $300 Million to Boost Obama's BRAIN Initiative

When Obama first established the Brain Research through Advancing Innovative Neurotechnologies (BRAIN) program last year, it had $100 million in initial money for research.

The latest cash injection is coming from the National Institutes of Health, which announced $46 million in new grant awards for fiscal year 2015.

Companies such as GE, Google, GlaxoSmithKline, and Inscopix are investing more than $30 million in research and development investments to support the BRAIN Initiative, a White House statement said.

Foundations, patient advocacy organizations and universities, "are aligning over $240 million of their research efforts with the BRAIN Initiative," it added.

Source: AFP

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