Step 1 isn't getting the money. Step 1 is getting trustworthy people together.

Here's what happens to your program. You get someone to administer "gifted" tests. All their friends and family are suddenly "gifted". They cheat or bribe their way into staying in the program. They then take the "education" they got and go work somewhere with your impressive-looking credentials.

Then your reputation tanks as employers find out that you're yet another foreign school which churns out impressive-looking credentials that do not reliably signal ability.

Note that my second paragraph is a big big part of why some schools and countries have a much easier time getting employed in the US than others.