VR Education takes first steps into Asia with South Korean deal
VR Education has taken its first steps into the Asian market through an agreement with D'Carrick, a South Korean immersive digital content company.
The deal is worth €70,000 a year to the Waterford-based group over a three year period.
It provides VR Education with an important entry point into the South Korean education market for its ‘Engage’ platform.
The platform, which the group launched in December last year, can be used in schools, universities, and corporate training to teach subjects in a virtual reality environment.
Meanwhile, D'Carrick uses technologies to create educational programmes for the South Korean education system, providing continuous innovation across various VR and AR platforms.
Under the terms of the deal, D’Carrick will roll out the ‘Engage’ platform to a set number of students in South Korea, with additional fees should it exceed this number.
In addition, it will resell the platform, with 30pc of revenue from sales going to VR Education.
David Whelan, CEO of VR Education, said: "Our goal is to transform the future of education globally by implementing new methods and techniques to make learning available to everyone, everywhere.”
“South Korea is a proven world leader when it comes to education and D'Carrick's adoption of our Engage platform as a tool to provide education is a welcome first step in the Asian market."