7M for the facilities, and 3.5M for initial research.
With offices in Raleigh, NC and Danville, VA, AVRC has been involved in advanced aerospace research for some time. The firm is now involved with the Lunar Google X-Prize.
The project derives from research by Dr. George Miley at the University of Illinois at Urbana-Champaign. This AVRC Fusion Propulsion page has some resources such as this paper: Ultra Maneuverable Space Thruster Using IEC Plasma Jet Technology (pdf).
"The magnet walls are coated with a metal alloy like tungsten or depleted uranium for reflecting electromagnetic radiation (bremsstrahlung), mostly in X-ray range, back to plasma."
Too far past my bedtime to digest this right now. X-rays need grazing-incidence mirrors, I thought.