Experiment, formerly called Microryza, is a US website for crowdfunding 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 students.[1] The former name Microryza is inspired by Mycorrhizae and symbiotic fungi that lives in the roots of plants.
Unlike the popular crowdfunding site Kickstarter, 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.[2][3][4][5]
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.[6]
As of Aug 26, 2014, they passed $1M raised on their platform.[citation needed]
As of Aug 7, 2015, more than 5,000 projects were launched and 336 of them were funded.[7]
As of Nov 20, 2019, more than 760 project were funded, raising nearly $8 million in pledges from more than 41,000 backers.[8]
experiment, website, experiment, formerly, called, microryza, website, crowdfunding, science, based, research, projects, researchers, post, their, research, projects, solicit, pledges, experiment, works, nothing, funding, model, backers, only, charged, researc. Experiment formerly called Microryza is a US website for crowdfunding 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 ExperimentType of siteCrowdfundingAvailable inEnglishHeadquartersSan Francisco United StatesURLexperiment comCommercialYesLaunched12 April 2012 It was founded in 2012 by Denny Luan and Cindy Wu former University of Washington students 1 The former name Microryza is inspired by Mycorrhizae and symbiotic fungi that lives in the roots of plants Unlike the popular crowdfunding site Kickstarter 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 2 3 4 5 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 6 As of Aug 26 2014 they passed 1M raised on their platform citation needed As of Aug 7 2015 more than 5 000 projects were launched and 336 of them were funded 7 As of Nov 20 2019 more than 760 project were funded raising nearly 8 million in pledges from more than 41 000 backers 8 See also editComparison of crowd funding servicesReferences edit Science for the people research funding revolutionized Alumni Retrieved 2023 04 12 Frustrated researchers unveil Microryza a crowdfunding site for geeky science projects GeekWire April 13 2012 Ch Pradeep PDT rasekaran on 04 12 2012 16 39 Microryza Crowd Funding for Scientific Research Ubergizmo a href Template Cite web html title Template Cite web cite web a CS1 maint numeric names authors list link Microryza brings crowd funding to scientific research New Atlas April 13 2012 Chapman Lizette February 5 2014 Experiment com Gains Big Venture Backers To Bring Crowdfunding To Science Research Crowdfunding for Science Frequently Asked Questions Experiment Moving Science Forward Woman raised 1 2 million with a spirited 3 minute speech The New York Times Aug 7 2015 The Best Platforms for Crowdfunding Science Research Nov 20 2019External links editOfficial website nbsp nbsp This article about an online company of the United States is a stub You can help Wikipedia by expanding it vte nbsp This website related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Experiment website amp oldid 1154442350, wikipedia, wiki, book, books, library,
