Insects have long been an inspiration for robots, and as someone who likes insects and robots, I support initiatives like this. However, one lesson that has been drawn from studying insects is that it's not all about the brain. A lot of the adaptive behavior of insects comes from the way their bodies are built. For example, cockroaches are very good at climbing over all sorts of rugged terrain that might pose problems for similarly designed legged robots, but a lot of that success comes from how well their legs are designed, not from a super sophisticated 3D model of the terrain or motion planning algorithm.