引爆新赛道！脑机接口未来已来？

Core Viewpoint - The brain-computer interface (BCI) is recognized as a disruptive core component of the new productive forces, breaking physical barriers between the brain and the external world, and enabling direct control of devices through thought, thus transitioning from science fiction to reality [1] Group 1: Global Competition and Investment - Major countries have recognized the strategic value of BCIs, leading to significant investments and initiatives to secure a competitive edge in brain science [2] - The United States has been a leading player, launching the BRAIN Initiative with over $1 billion in initial funding and a planned total investment of $4.5 billion over 12 years [3][4] - The European Union has established the Human Brain Project, involving 19 countries and 155 institutions, with an initial investment of nearly €607 million and a total planned investment of €1 billion [5] Group 2: Policy Evolution in China - China's policy has evolved from recognizing brain science as a frontier field in the 12th Five-Year Plan to promoting industrialization in the 14th Five-Year Plan, with significant funding and strategic goals set for 2027 and 2030 [6][7] - The Ministry of Science and Technology initiated a major project in 2021 with an initial funding of ¥3.148 billion, with future funding expected to reach hundreds of billions [7] Group 3: Technological Breakthroughs - The successful commercialization of BCIs relies on advancements in both hardware and software [8] - Hardware improvements focus on flexible, miniaturized, and high-density electrodes, while software advancements enhance signal decoding and feedback mechanisms [9][13] - The shift from open-loop to closed-loop systems allows for two-way interaction, expanding the application scope of BCIs [13] Group 4: Domestic Industry Landscape - The BCI sector in China is witnessing a surge of interest from various companies, each leveraging their technological strengths to drive commercialization [14] - Companies like Chengyitong focus on rehabilitation medical devices, while Xiangyu Medical has developed a comprehensive system for BCI technology, including hardware and algorithms [14] - The industry is in its early commercialization phase, with investment themes centered around clinical progress for invasive products and commercialization timelines for non-invasive products [14]