Peak (well one of them) medical research funding agency the NHMRC has a new model for allocating money, which starts in 2020 (Campus Morning Mail May 26 2017). But a new grant system means the peer review process will change and the National Health and Medical Research Council wisely wants to know what the industry thinks. A summary of response is here.
The responses are all considered but some err on the side of the perfect rather than the possible, for example; “the knowledge gain parameter should not hinder innovation or creativity; knowledge gain should balance innovation and risk – ensuring that there is not a detrimental effect on basic science due to the inability to demonstrate feasibility.”
When it comes to allocating medical research grants, it seems you can please none of the people none of the time.