The Snow Medical Research Foundation is investing $24 million as part of the Snow Fellowships program to the work of three inspiring scientists.
Fellowship applications have also opened for other medical researchers.
"The inaugural Snow Fellows are each receiving $8 million to support their world-leading, game-changing research-with $1 million in funding each, every year, for 8 years," Snow Medical said.
Terry Snow, the founder of Snow Medical, said Australian scientists needed "freedom to focus on their exceptional research and not worry about funding as they strived to deliver the breakthroughs the world needs".
"Invest in exceptional people, support the next generation of our research leaders, keep our best and brightest in this country-then Australia and the world can only benefit from a healthier future," Mr Snow, who is based at Bawley Point, said.
"With the health and economic challenge Australia and the world face right now, we must invest in the brilliant minds among us who offer solutions for a bright future.
"For each of these scientists $8 million is transformative funding, that will change the course of their careers and give them the best chance to find cures, treatments, and greater knowledge to benefit potentially millions of people's health around the world."
The 2020 Snow Fellows are:
- Associate Professor James Hudson (QIMR Berghofer) - researching the heart and heart disease with organoids and a computer modelled, genetic encyclopedia of the heart;
- Dr Marian Burr (John Curtin School of Medical Research, ANU) - researching how to improve the human immune system's ability to find and fight cancer; and
- Dr Owen Siggs (Garvan Institute of Medical Research) - researching ways to combat autoimmune disease and improve the quality of life for patients.
Snow Medical chair Tom Snow said that the calibre of this year's fellows was exceptional, and he looked forward to assessing next year's potential fellows.
"Heart disease, cancer, and autoimmune diseases affect hundreds of millions of people worldwide," Tom said. "Each of these fellows' work has the ability to change and save lives."
"I can say on behalf of the whole Snow family, we are very proud to support each and all of them." Tom said.
"We want to invest in the best researchers with a bold vision. We want Snow Fellows to take risks and we want them to be the next generation of medical research leaders.
"We have a long-term vision. As we recognise and award more fellows in years to come, we will build a network of Australia's world-class researchers, our best and brightest and an 'ecosystem' of shared knowledge and achievement."
"I invite you to read about and view the videos of our fellows this year. If you think you are a researcher of the same calibre we invite you to apply for the fellowship."
To apply to become a Snow Medical Fellow please discuss the opportunity with your research or educational institution and apply here: https://snowmedical.org.au/snow-fellowships/