A novel telescope proposed by UNC astronomer Nick Law will take images of the whole sky every two minutes to look for exoplanets transiting in front of their host stars, and other transient events. The project has been fully funded by the NSF Advanced Technologies and Instrumentation (ATI) program and has been featured in MIT Technology Review.
Related Links:
Project website: http://evryscope.astro.unc.edu/
MIT source article: http://www.technologyreview.com/view/528911/how-to-build-an-evryscope/