It seems like having the scientists do their own fundraising is the wrong way to do things. You'd have to be an expert in both the science and the fundraising, to compete against the other scientists who are fundraising. Obviously, since learning how to raise funds competes with learning and developing the science, this system is going to prioritize greater-skilled-fundraisers/lesser-skilled scientists. If you're a great fundraiser, why do you even need the University?