The Foundational Questions Institute is calling for grant proposals related to the topic of "Physics of Information".

Main link:
http://fqxi.org/grants/large/initial

PDF intro:
http://fqxi.org/tools/download/__details/2013-Request-for-Proposals.pdf

"FQXi requests proposals for rigorous research on the Physics of Information both in physics and also in
related fields including cosmology, astrophysics, mathematics, computer science, complex systems,
biology, and neuroscience. Funded research will address this gap between research and technological
progress on information science on one side, and active study of the true physical nature of information
on the other. It will also, by bringing together the community in a focused and intense effort, seek to
help develop a common understanding of the different types of information and the roles they play.
Most importantly, the research supported by this program should have significant implications for our
understanding of the major questions across many scientific disciplines, and address the deep or
‘ultimate’ nature of reality."

"This RFP is intended to fill a gap, not a shortfall, in conventional funding. We
wish to enable research that, because of its speculative, non-mainstream, or high-risk nature,
would otherwise go unperformed due to lack of available monies. Thus, although there will be
inevitable overlaps, an otherwise scientifically rigorous proposal that is a good candidate for an
FQXi grant will generally not be a good candidate for funding by the NSF, DOE, etc. – and vice
versa."

There are a ton of people here much better than I will ever be at physics, math and comp sci. Maybe you could use the grant money to buy yourself some books, take some classes, do some thinking. Just a thought.

Am I missing something ... ?
Information ( in regards of computing ) is electrical in nature, though I am perfectly aware of mechanical methods.
Information transmission is predominately electrical, though radio ( which is electrical-magnetic ) and light ( fiber optic ) are big players.
Information storage ( in regards of computing ) after all these years, is still predominately magnetic.

In most cases physics wouldn't be a major factor in information.
If I'm wrong, let me know how.

I'm going to assume that the scope of the project is larger than just classical scenarios where you are sending bits of data across a medium to a network node or to a disk.

There is a big focus in physics on the states of a system, and the entropy that arises from those states. If you substitute `state' with `message' and `system' with `communication device', you will find that there is more than just a passing resemblance between physics and information theory (beyond how physics limits our ability to send bits error-free and rapidly).