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If you have an exciting advancement in neurotechnology, a million dollar award could help take your product from great idea to world-changing application. Israel Brain Technologies (IBT), a non-profit organization dedicated to the development of brain-related science, is now seeking applicants for its $1,000,000 Global B.R.A.I.N. Prize competition. Applications will be accepted until March 15, 2013.

The Global B.R.A.I.N (Breakthrough Research And Innovation in Neurotechnology) Prize is an international award that was announced in 2011 to be granted to an individual, group or organization for a recent breakthrough in the field of brain technology.

The goal of the prize is best described by Dr. Rafi Gidron, Founder and current Chairman of IBT: “The B.R.A.I.N. 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. It’s a global brain-gain. Our aim is to open minds… quite literally.”

The international judging committee for the Global B.R.A.I.N. Prize is composed of distinguished leaders in neuroscience, technology and business, including three Nobel laureates: Profs. Eric Kandel, Daniel Kahneman and Bert Sakmann. IBT is a non-profit organization inspired by the vision of Israeli President Shimon Peres to foster the next global breakthrough in neurotechnology.

To learn about the program, read our previous post on the topic or check your eligibility and apply here.