Science can work by prizes rather than just grants.
Some currently existing prizes are
1. The carbon capture prize
2. The spaceship prize
3 Feynman Prize for nano devices
4 Clay Math Prizes - $1M each for solving each of seven famous math problems.
Prizes reward accomplishment rather than effort. The economics of this model is described here.
Even if you do not believe prizes provide a good incentive for all scientists they could provide an incentive to grant bodies to make their processes less onerous. If scientists are competing for prizes rather than spending their time filling out grant applications it is possible that grant applications will become simpler as a response.
One of the good features of prizes is they raise awareness of an issue that otherwise might be considered merely of academic interest. For example the theory of NP completeness is often introduced in a “solve this game and win a million dollars” way
So please answer in the comments
What prize would you introduce for science if a portion of your income went to the prize fund?