Experiment, formerly called Microryza, is a US website for
crowdfunding
Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and Alternative Finance, alternative finance, to fund projects "withou ...
science-based research projects. Researchers can post their research projects to solicit pledges. Experiment works on the all-or-nothing funding model. The backers are only charged if the research projects reach their funding target during a set time frame. In February 2014, the site changed its name from Microryza to Experiment.com.
It was founded in 2012 by Denny Luan and
Cindy Wu, former
University of Washington
The University of Washington (UW and informally U-Dub or U Dub) is a public research university in Seattle, Washington, United States. Founded in 1861, the University of Washington is one of the oldest universities on the West Coast of the Uni ...
students. The former name Microryza is inspired by
Mycorrhizae and symbiotic fungi that lives in the roots of plants.
Unlike the popular crowdfunding site
Kickstarter
Kickstarter, PBC is an American Benefit corporation, public benefit corporation based in Brooklyn, New York City, that maintains a global crowdfunding platform focused on creativity. The company's stated mission is to "help bring creative project ...
, backers of Experiment projects do not get tangible rewards for backing. Researchers share the
scientific process directly with the backers and become a part of the project.
Experiment charges 11-13% in fees (8% for platform fees and 3-5% for payment processing) only if the campaign is successful. If the campaign does not reach the funding goal, no one is charged.
As of Aug 26, 2014, they passed $1M raised on their platform.
As of Aug 7, 2015, more than 5,000 projects were launched and 336 of them were funded.
As of Nov 20, 2019, more than 760 project were funded, raising nearly $8 million in pledges from more than 41,000 backers.
The Best Platforms for Crowdfunding Science Research
Nov 20, 2019
See also
* Comparison of crowd funding services
References
External links
*
Crowdfunding platforms of the United States
Crowdfunded science
Y Combinator companies
Internet properties established in 2012
2012 establishments in California
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