If you want to see an example of the other way, remember that university that up and announced they were going to make a universal emulator a few years ago and that they weren't going to even use our dumps or info? Yeah they got a million Euros from the dumbass EU and have since not been heard from again.
Do you have an article I could read more about that? That seems like it would be an interesting read. And I hope they gave the money back and didn't just keep it for themselves.