You'd do the work, then sign up, wait a bit (while working on your next project) then you submit the results. This is what happens with many grants anyway. You

You'd do the work, then sign up, wait a bit (while working on your next project) then you submit the results. This is what happens with many grants anyway. You propose to research the stuff that you already understand, you get funded and can finally work on new stuff you don't understand well enough to get funded for.