Howard Huges Medical Institute recently announced its new Faculty Scholars Program, a national competition that aims to strengthen the community of basic researchers and physician scientists who bring innovative approaches to the study of biological problems.

The program is a collaborative initiative of HHMI, the Bill & Melinda Gates Foundation and the Simons Foundation, and is expected to award up to 70 five-year grants, ranging from $100,000 to $400,000 per year. Scholars will apply molecular, genetic, computational and theoretical approaches to fundamental problems in diverse areas of biology, and will be required to devote at least 50 percent of their total effort to the direct conduct of research.

Applications are being accepted online until July 28, 2015, 3pm (ET). For more information, see the FAQ and other documents available on the program’s website.