For all new (US) faculty, here're the grants I'd suggest focusing on immediately:
1. Innovator - https://commonfund.nih.gov/newinnovator
2. MIRA - https://grants.nih.gov/grants/guide/pa-files/PAR-17-190.html …
3. PEW - http://www.pewtrusts.org/en/projects/pew-biomedical-scholars …
4. Searle - http://www.searlescholars.net/go.php?id=1
5. BWF - https://www.bwfund.org/grant-programs/infectious-diseases …
Go get 'em! 
Correct. PEW and Searle requires institutional nomination and only one per institution. The others (AFAIK) are open.