Proud Of Our History Statement of Purpose Dr. Frederick Banting Chairman's Message Investing in Research Board of Trustees Grant Review Panel Contact Us Home » About Us » Dr. Frederick Banting The discovery of insulin in 1921 by two young investigators at the University of Toronto, Dr. Frederick Banting and Charles Best, was one of the most important medical achievements of the twentieth century. This discovery brought worldwide renown to Frederick G. Banting and his colleagues Charles H. Best and James Collip and their adviser John J. R. MacLoed. Banting and MacLoed were awarded the Nobel Prize in Medicine in 1923. On May 1, 2003, Sir Frederick Banting, Dr. Charles H. Best and Dr. James Collip were inducted posthumously, at a ceremony in Akron, Ohio, into the Inventors Hall of Fame for their discovery of insulin and pioneering its use to treat diabetes. As part of Dr. Banting’s legacy, The Banting Research Foundation awards research grants in all fields of medical research to outstanding Canadian investigators at the beginning of their independent career to pursue novel approaches to the understanding and treatment of human disease. The visionary words of Sir Robert Falconer, first Chairman of The Banting Research Foundation, have framed our objective since 1925…”to assist young Canadian medical investigators working in all areas of science with seed grants. Investigators who like Sir Frederick Banting in his time, are working passionately toward important discoveries every day”.