Research grants incentivize waste
"Every hour a scientist spends trying to raise funds is an hour lost from important thought and research" - Issac Asimov
Funders' grant-making decisions are driven by two overarching goals:
- Sponsoring research that aligns with their individual organizational mission
- Awarding grants to scientists and projects that will provide a safe return on investment
Funding organizations invite scientists to apply for research grants and distribute financial awards based on the perceived quality of a grant application towards achieving the aforementioned goals.
Typically, funders dedicate upwards of 5% of their operating budgets towards administering this process. Determining if a project aligns with an organization’s mission is relatively straightforward.
Unfortunately, no objective metrics exist to judge the value of the scientific knowledge produced by any given research output.