"dedicated in memory of" is correct and usable in written English.
You can use it to denote that something has been created in honor of someone who has passed away. For example, "The scholarship fund was established and dedicated in memory of John Smith, a beloved teacher at our school."
This work is dedicated in memory of Gordon S. Cooper.
Also included is a notebook of photographs and correspondence concerning Schurman Hall at the University of Heidelberg, dedicated in memory of Jacob Gould Schurman.
The house now operates as a gallery — the Edward Hopper House Art Center — and last month a room there was dedicated in memory of the Rev. Arthayer R. Sanborn, a Hopper family friend who led the First Baptist Church down the block.
The building was dedicated in memory of the University of Chicago's first President, William Rainey Harper, who died in 1906.
Author Jim Carroll's autobiography, The Basketball Diaries (1978), was dedicated in memory of Phil Ochs.
It was dedicated in memory of S. Clayton Seitz by then-organist John Duwane Hoffman on May 11 , 1958
The garden has been transformed into a White Garden dedicated in the memory of Princess Diana, mother of The Duke of Cambridge and Prince Harry.
He gave the southern part of the land to the people of Birchington and dedicated it in memory of his three sons who had been killed in World War I.
"Shalimar the Clown" is dedicated "in loving memory of my Kashmiri grandparents".
The physics laboratory has been dedicated in the memory of Kenneth E. Post, a 1979 graduate who was killed in a car accident two years later.
The pre-publication history for this paper can be accessed here: http://www.biomedcentral.com/1472-6882/13/305/prepub This paper is dedicated in the memory of my revered 'Teacher and mentor', Late Prof. A.K. Sanyal, Department of Pharmacology, Institute of Medical Sciences, Banaras Hindu University who had started the research work on plantain banana.
