Founded on April 12, 2012, Experiment is a San Francisco-based crowdfunding platform dedicated to funding innovative scientific research projects that traditional funding sources often overlook. The platform operates on an all-or-nothing funding model, ensuring that backers are only charged if the project reaches its funding goal within a set timeframe. Experiment's core mission is to accelerate scientific discovery by enabling researchers to secure funding directly from the public, thereby fostering a more inclusive and dynamic research environment.
Notable achievements of Experiment include successfully funding over 900 scientific projects with contributions from more than 47,000 backers, totaling $9 million in pledges. The platform boasts a 46% success rate for funded projects. Researchers from prestigious institutions such as Stanford have utilized Experiment to bring their groundbreaking ideas to life. By democratizing the funding process, Experiment has significantly impacted the pace and diversity of scientific innovation, allowing for a broader range of research to be explored and shared with the public.
