Several interesting comments here... I think you're stressing the 'PhD' factor too much. Taking it in smaller parcels, like you're doing with the project, is more feasible. It's more like a single class, done online via steem, so something like a steeMOOC, where people can learn how to program for physics, let's say. That's perfectly manageable with the money available.
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I agree with you, of course. When people discuss funding research with external money, they usually think about funding a team, which is not possible without government money at the moment (because the scale of the costs). However, if we omit human resources, it is clear that great things can be done with little money.