EON Knowledge Metaverse Grant Program

for Post-pandemic Resilient Recovery in Education, Enterprise & Communities

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EON Grant Guarantee Program

for Post-Pandemic Recovery Assistance

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EON Reality Inc.
18 Technology Drive, Suite 110
Irvine, CA 92618 United States

GRANT PROGRAM

The EON Knowledge Metaverse (EKM) Program provides Grants for Post-pandemic Resilient Recovery in Education, Enterprise, & Communities. Together with our 42 million EON users and Partners in 73 countries  EON is building the EON Knowledge Metaverse.

The EON Knowledge Metaverse is an all-encompassing global project to build a new and improved interconnected world for users to learn, train and perform in. By bringing the knowledge metaverse to life, EON Reality is merging the physical, virtual, and augmented reality worlds to reshape the way people everywhere experience their realities.

Physical objects and spaces are injected  with informational annotations, activities, and other enhanced knowledge points, while users in virtual reality can digitally teleport themselves into real-life settings around the world. This global project engages millions of creators from academic institutions, governments and enterprises.

I. Purpose

EON Knowledge Metaverse (EKM) Grants Program is intended to provide support for the following purposes:

Grant  & Investment Program for Post Pandemic Recovery

Education XR Deployment at Scale – 4x Faster Learning & 63%-92% in Cost savings

Government – Building up IP & Digital Assets with Localized Content creation

  • World Economic Forum: Governments XR investments to Build IP and digital assets for the Digital Economy
  • Contribute to the Government’s Strategy for Digital Transformation
  • All IP created will be owned 100% by the Local Partner
  • EON Marketplace with with 42 Million offers Commercialization & Monetization opportunities

Job Creation with Workforce Development Support

Enterprise

Safety, Security, & Health

Strengthens Community and Social Cohesion

  • Enables constructive citizen science projects that strengthens the community & unifies citizens to improve their cities and work together for a better nation & a better world

Global Knowledge Metaverse Network

II. Eligibility

Only invited candidates are eligible for the EON Knowledge Metaverse (EKM). The Program has been developed for governmental organizations that are seeking to use XR based solutions at Scale for Post-pandemic Resilient Recovery in Education, Enterprise, & Communities and lack funding to launch regional and national XR and Metaverse rollouts programs.

III. How does it work?

If the Application is approved, EON Learn of Life issues a Certificate of Approval and EON Reality and the Applicant sign an Offer Letter to set up the EON-XR Center Hub and associated regional/national roll-outs as follows:

Grant Amounts

  • $27 Million for Level 1 EON Center Hub:
    • EON Center Hub (ECH) covers 10,000 students and 1,500 workers  with a Total Investment of $30 MUSD of which EON Grant covers 90% or $27 MUSD and Local Partner Grant Fee is 10% or $3 MUSD
  • $142.5 Million for Level 2 EON Regional Rollouts:
    • EON Regional Rollouts (ERR) Covers 50,000 students and 7,500 workers with a Total Investment of $150 MUSD of which EON Grant covers 95% or $142.5 MUSD and Local Partner Grant Fee is 5% $7.5 MUSD
  • >$1B for Level 3 EON National Rollouts:
    • EON National Rollouts (ENR) covers minimum 500,000 students and 75,000 workers up to unlimited nationwide with a Total Investment. Of >$1B of which EON Investment is >99.5% and Local Partner Grant Fee is less than 0.5% or $20 MUSD-75MUSD depending on population size and disposable income per capital

All licenses are Perpetual for Usage of created lessons. EON provides also option to cover 98.4% of the creation licenses for year 2-5 through the Grants.

The Applicant only pays the Grant Fee after the delivery of the EON-XR platform infrastructure and licenses.

Once the Offer Letter is signed EON works with Applicant to secure additional grants which will be provided to the Applicant as a cash grant to expand the National Knowledge Metaverse Program to millions of users operation expenses.

IV. Grant Process

Only applications received by October 31, 2021, will be considered. The seven steps grant procedure is as follows:

  1. Introduction Meeting – Introduction of the EON-XR Center Hub and EON Knowledge Metaverse (EKM)
  2. Application Submission – Submission of Online Application, there are no financial obligations, binding commitments, or any liabilities with submitting the application.
  3. Committee Determination – All applications are reviewed by the FSGP Committee and subject to determination within 10 days after receipt.
  4. Certificate of Approval – If the application is approved, a Certificate is issued for the Grant based on the merits of the Application.
  5. XR Solution Deep Dive Meeting – Deep Dive EON-XR Platform demonstration for XR deployment and the Knowledge Metaverse platform and infrastructure at scale.
  6. Grant Offer Letter – After being approved, the Applicant receives the Grant Offer Letter. The Applicant has up to 60 days to approve or decline the Offer Letter and Grant Guarantee.
  7. Delivery and Implementation Plan  – EON delivers the EON-XR Canter along with the pedagogical and technical XR experts and start implementing the Academic EON-XR Program.

The Certificate of Approval is valid for 60 days. If the Offer Letter is not accepted within 60 days, the Certificate of Approval expires, and the grant is repatriated to the Learn for Life Foundation for the next Applicant.

V. Review and Award

The EON Knowledge Metaverse (EKM) Grant Program Committee, consisting of EON’s Advisory members, will determine the overall quality of each Grant application. Applications will be evaluated in accordance with the criteria outlined below. Additional consideration will be given to the Applicant’s potential for carrying out the project, the time commitment, and the adequacy of the justifications presented.

All applications will be forwarded to the EON Knowledge Metaverse (EKM) Grant Program Committee for final approval and be reviewed within 10 days after receipt. If recommended for approval, it will be assigned a score by the Committee which will determine the amount to be received (within a range of $27-$150 million USD) based on the merits of the application.

There are no financial obligations, binding commitments, or any liabilities with submitting the application. If your organization gets approved, you will receive a certificate which is valid for 60 days. During this time, you can approve or decline the offer letter and grant.

For additional information, contact:
EON Reality Inc.
18 Technology Drive, Suite 110
Irvine, CA 92618
United States
949.460.2000
dan@eonreality.com

VI. Evaluation Criteria

Once your application is admissible and eligible, EON’s EON Knowledge Metaverse (EKM) Grant Program Committee follow the below evaluation criteria during the evaluation.

Proposals are evaluated and scored against selection and award criteria – organization excellence, Post pandemic Recovery impact, the answers to the application questions below including the quality and quantity of the XR Deployment at Scale, Workforce Development, Organization focus on creation of job opportunities for youth and build entrepreneurship opportunities in digital economy and the Partners Commitment towards Localized Content creation.

VII. Scores

The EON Knowledge Metaverse (EKM) Grant Program Committee will score each award criterion on a scale from 0 to 5 (half point scores may be given):

0 – Proposal fails to address the criterion
1 – Poor. The criterion is inadequately addressed or there are serious inherent weaknesses.
2 – Fair. The proposal broadly addresses the criterion, but there are significant weaknesses.
3 – Good. The proposal addresses the criterion well, but a number of shortcomings are present.
4 – Very good. The proposal addresses the criterion very well, but a small number of shortcomings are present.
5 – Excellent. The proposal successfully addresses all relevant aspects of the criterion. Any shortcomings are minor.

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  • EON provides access to EON’s global Marketplace and network in more than 75 countries to the Applicant to publish and create income opportunities from the XR lessons developed by the applicant where 70% of the income is provided to Applicant.
  • EON’s grant support priorities Social Development and focus on creation of job opportunities for youth and build entrepreneurship opportunities in digital economy.