We need entry-threshold grant lottery systems with easy-to-estimate and easy-to-write basis - plus a basic-incoming grant basis. The latter will be very efficient in its use, the former will be just as 'good' as the current systems in its decisions, but far less wasteful in writing and reviewing.
Back of the envelope calculations: 3600 years of research time went into the collective application process. The research will fund 3200 years of research. We are 400 research years poorer as a result of this. 1/2