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Indiana University announced Monday that a team of faculty members focused on curing at least one cancer and other diseases will receive up to $120 million under a new program designed to bolster the university's reputation as a research giant.

Indiana University plans to hire 40 new full-time faculty members and spend as much as $120 million on a new, ambitious initiative focused at understanding the factors that contribute to an individual’s health and curing diseases that are now untreatable.

The five finalists in Indiana University's Grand Challenges Program will present their full proposals at public events over the next week. They are competing for part of a five-year, $300 million investment, which is the university's largest single research investment in history. The first presentation event will be held Tuesday evening on the IUPUI campus.

Considered an underrated powerhouse by some, Indiana University grabbed the attention of other research universities last month when it announced a $300 million initiative aimed at asking -- and answering -- some of the world’s biggest questions.

How should one react to the announcement by Indiana University officials that through a program called “Grand Challenges” they will funnel at least $300 million over the next five years into “the most ambitious research program in the” history of the university?

How should one react to the announcement by Indiana University officials last week that through a program called “Grand Challenges” they will funnel at least $300 million over the next five years into “the most ambitious research program in the” history of the university?

 BLOOMINGTON - Indiana University has announced a $300 million program designed to create "transformative" solutions for Indiana and worldwide challenges through large-scale research projects.

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