The predictions of the Quantum Theory have been verified so far with astonishingly high accuracy. Despite of its impressive successes, the theory still presents mysterious features such as the border line between the classical and quantum world, or the deep nature of quantum nonlocality. These open questions motivated in the past several proposals of alternative and/or generalized approaches. We shall discuss in the present paper alternative theories that can be infered from a reconsideration of the status of time in quantum mechanics. Roughly speaking, quantum mechanics is usually formulated as a memory free (Markovian) theory at a fundamental level, but alternative, nonMarkovian, formulations are possible, and some of them can be tested in the laboratory. In our paper we shall give a survey of these alternative proposals, describe related experiments that were realized in the past and also formulate new experimental proposals. Read More: http://www.worldscientific.com/doi/abs/10.1142/S0217979212430059