Sweden has the right idea

The conservative funding system, which tends to prefer giving money to things that seem likely to work rather than to things that are innovative and therefore risky, rewards those with a track record so long as they continue to do the things they have a track record in.

Bibliographic Details
Main Author: Petsko, Gregory A
Format: Online
Language:English
Published: BioMed Central 2006
Online Access:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1431732/