A lot of this research is going towards developing neuro-prosthetics. The primary application of neuro-prosthetics in humans is to give paraplegics either the ability to control a cursor with their mind (a huge improvement in standard of living) OR the ability to control a prosthetic arm or leg with their mind (the long term goal).
Currently, this is only available with invasive brain surgery that can often have complications. So money spent on better imaging and implant technologies will have a strong positive impact on the field.
Interestingly, the researchers I know in this area are confused about why such a big deal is being made about this "Brain Initiative" because the amount ($70M) is actually not a lot given how capital intensive this type of research is and how many labs it will be spread amongst. Still, any funding is better than no funding.
Currently, this is only available with invasive brain surgery that can often have complications. So money spent on better imaging and implant technologies will have a strong positive impact on the field.
Interestingly, the researchers I know in this area are confused about why such a big deal is being made about this "Brain Initiative" because the amount ($70M) is actually not a lot given how capital intensive this type of research is and how many labs it will be spread amongst. Still, any funding is better than no funding.