Academics: this paper isn't new, but it can't be shared often enough: https://doi.org/10.1007/s11192-024-04968-7
The academic system is wasting incredible amounts of time and money on grant proposals, and everyone involved ought to be aware of it.
Do grant proposal texts matter for funding decisions? A field experiment - Scientometrics
Scientists and funding agencies invest considerable resources in writing and evaluating grant proposals. But do grant proposal texts noticeably change panel decisions in single blind review? We report on a field experiment conducted by The Dutch Research Council (NWO) in collaboration with the authors in an early-career competition for awards of 800,000 euros of research funding. A random half of panelists were shown a CV and only a one-paragraph summary of the proposed research, while the other half were shown a CV and a full proposal. We find that withholding proposal texts from panelists did not detectibly impact their proposal rankings. This result suggests that the resources devoted to writing and evaluating grant proposals may not have their intended effect of facilitating the selection of the most promising science.

