Sentences with phrase «funded megaproject»

Not exact matches

Should governments pull the plug on megaprojects like ITER, it wouldn't stop private - sector players like Burnaby, B.C. - based General Fusion Inc., a year - old startup by former Creo Inc. managers that has so far attracted about half the $ 50 million in venture capital and federal research funds it says it needs to demonstrate a kind of «magnetized target fusion» by 2013.

For some time now, the teams behind two rival megaprojects — the $ 1 billion Thirty Meter Telescope (TMT), led by the University of California, and the $ 700 million 24 - meter Giant Magellan Telescope (GMT), led by Carnegie Observatories — have been wooing prospective partners overseas to help secure the funding needed to build each of the behemoths.

Although scientific merit may still be the key to the success of smaller research grants, such as those from China's National Natural Science Foundation, it is much less relevant for the megaproject grants from various government funding agencies, which range from tens to hundreds of millions of Chinese yuan (7 yuan equals approximately 1 U.S. dollar).

The initiative's megaproject label is, perhaps, just clever PR to raise funds and galvanize support.