A brain expert, the 64-year-old hopes the funds will help inspire the next generation of talented young scholars to make the breakthrough that all spinal cord researchers dearly want to see: Wheelchair users regaining the ability to walk.
She is facing her own personal health challenge, after learning three years ago that she had a brain tumour.
Nicholson said the diagnosis played a big part in her decision to retire from her role as the principal investigator of the Molecular Neuroanatomy Laboratory in the Centre for Brain Research.
Its cutting-edge work involves international collaboration, testimony to the high value research by its staff. Nicholson has been an integral part of the team for many years, leading inquiries into the mechanisms common to degenerative diseases.
Now that task falls to others, but Nicholson says she will be watching with great interest. "There is a huge potential to actually make a difference and find a cure," she remarked.
When that happens, she will be owed a big debt.