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"experiential rewards" is a correct and usable phrase in written English.
It is used to refer to rewards that are not material but instead give the recipient an experience (such as tickets to a show or a day trip). For example, "We believe that experiential rewards are much more meaningful than physical gifts, so we gave them tickets to a local concert."
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Other companies give experiential rewards to reinforce innovative behavior.
Cash or experiential rewards might.
And as your people start experimenting (and failing), celebrate their innovative behavior publicly through recognition and financial or experiential rewards.
This may not apply to every category, but a significant portion of the money pledged to Palmer's campaign was for experiential rewards.
"Backers around the world will see more creative and innovative projects emerge — and local backers will be able to take advantage of experiential rewards like attending a film screening or going to the opening night of a new restaurant," the company said in a blog post.
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The company created tiers to motivate customers with differentiated experiential privileges and rewards for trackable activity, resulting in 20% increase in member spend and 40% of members being new active purchasers.
But the truth is, our engineers learn to be leaders and entrepreneurs who walk away with their own rewards, both experiential and monetary.
Guests would receive rewards for posting experiential selfies on Instagram and Snapchat.
Like the iTrainer in my thought experiment, digital technologies have transformed our experiential world into a never-ending flow of potential informational rewards.
In this way sonam (luck) can be understood as an experiential indicator of moral virtue, instead of a rather crass system of rewards and punishments for good and bad behaviour (Keown 1992).
The experiential learning signals that we examined were signed and unsigned temporal difference (TD) reward prediction errors.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com