Recently I wrote about prioritizing: when do you choose to do experiments and when do you write papers and/or grants? Over the past year I’ve invested a lot of time in writing grants, with so far not the best results. And in my mind, that is the difference between investing time in papers vs grants. Papers will always end up somewhere, even if it’s in the Scandinavian journal of a Very Specific Sub-Subfield. But grants can get rejected, and then rejected again, and then go to die somewhere. Of course grants are just ideas (+ some preliminary data), whereas papers contain results, so it makes sense that it is this way.
But it does feel like a waste of time and energy when you have a grant rejected. And with the current funding lines of 10-20% (at least for most of the things that I have recently applied for) this will likely happen more often than not. But at which funding rate do you stop trying? I’m asking this because yesterday I found out that a fellowship I applied for had a funding rate of only around 3%. They did not mention this anywhere, so I had for some optimistic reason assumed it would be higher. It was not. And I didn’t get this fellowship. Had I known that it was only 3%, would I still have applied? In this case, most likely I would have because I basically recycled an older application so it didn’t cost me that much time. But in case I needed to start writing from scratch I’m not sure.
So, where do you draw the line? Or do you always apply regardless of funding percentage?