Academia keeps employing people who have done well in classes and within fine bounds. Its a careerist track. Industry cares about results, its more meritocratic
Industry cares about positive results. If you're not allowed to fail, you will be afraid to explore. That's what Academia is. Then, the industry reaps the fruit of that exploration, which is as it should be.
You need to win grants to survive.
How could one predict success or failure in risky project proposals? In both cases you learn something.
PhD programs don't take people who just have a good GPA; you have to have a research record before you're even in the consideration. I've been on an admissions committee, so this is not conjecture.