This equine imposter, a toy horse, will be part of the Border Ovarian Cancer Awareness Group's celebrity race which raises money to assist with treatment and research.

It is the third year the event has been held with Fine Cotton's rider, apprentice carpenter, Jack O'Shea having won the previous two.

He is upbeat despite having to wear ankle weights.

"I'll stack up," Mr O'Shea said.

"I think I should go alright; I'm not worried about the extra weight."

The awareness group's president Heather Watts said the 10 entrants had each paid $1000 to compete in the 200-metre race which will follow the Caulfield Cup on Saturday.

She also announced on Tuesday that cancer trials to be done at the new Border cancer treatment centre would be under the banner of the Kelsey Watts Memorial Research Fund.

It honours her daughter who died of ovarian cancer in 2011.

Mrs Watts said upon the centre's opening $100,000 would be raised by her group for research now done at Wodonga's private hospital.

She also said an awareness lunch would be held on February 6 with guest speakers cancer researcher Professor David Bowtell and oncologist Dr Robyn Sayer.

A motorcycle rally and skydiving will also be held in Wodonga later the same month to aid the cause.