This is a very, very, very small amount of money if you want to build a search engine, let alone one "to rival Google" (source?). Looks like the goals are realistic, though - look how wikipedia search could be extended beyond results from wikipedia.org, build some test sets. And get a better idea what it really is that is supposed to be built.
If anyone's interested, here's a demo of my own project: https://tuvalie.com/fae/?q=Albert%20Einstein