"It is our privilege to announce that the Sanford Project is Type 1 Diabetes," said Barb Stork, Sanford Board Of Directors.

The $400 million research project will recruit scientists to research the possibility damaged pancreatic cells within the human body may be able to regenerate themselves and make insulin again, curing juvenile diabetes.

"As a father it is painful, it is something that I would take from him I would take for him in a heartbeat," said Dean Calsbeek.

Dean Calsbeek's five year old son, Bennett, is the "face" of the project; his diabetes diagnosis came five months ago; he and his family are featured in the video.

It explains the project and will be seen worldwide.

"At Sanford Health we find 10 new diabetics every month," said Sanford COO Becky Nelson.

Sanford chief operating officer Becky Nelson tells us T. Denny Sanford's $400 million gift opens a new world of options for curing diabetes and improving the lives of kids like Bennett.

South Dakota Governor Mike Rounds doesn't want to see any more kids poked by needles to monitor their diabetes and issued a challenge to Sanford Project leaders.

"Its no longer a matter of ifs but when how quickly do we stop the pokes," said Gov. Rounds.

"Sanford Project" leaders say the research could create 10-thousand new jobs and have an economic impact of $1.1 billion.