Jockeys will ride for the Nathan Berry Medal in the 10 races of The Championships and a fund has been established in his name to help research the rare illness which killed the 23-year-old.
Berry died last week from complications associated with NORSE syndrome which is related to severe epilepsy.
The Australian Jockeys Association said the 4Tracks4Kids organisation would kick off the Nathan Berry Fund with a $60,000 donation.
Money from the fund, conducted by the Epilepsy Society, will also be used to assist Berry's young wife Whitney.
Among the jockeys vying for the medal over the next two weekends at Randwick is Berry's father-in-law Glyn Schofield who has pledged his riding fees and any prize money percentages from Saturday to the fund.
Racing NSW said the points score for Nathan Berry Medal would be decided on a 3-2-1 basis in the 10 Group races.
"Nathan Berry was a champion in every sense of the word, and the conception of this medal in his honour at The Championships comes on behalf of the racing industry family who greatly admired and respected him," Racing NSW chief executive, Peter Vlandys said.
"As we have seen since Nathan's all-too-soon passing he was much loved, and with the support of his family we are proud his name will be associated with the best of the best."