Entrepreneur School to leverage technologically advanced Korean market and harness the innovation potential of its students.

IRVINE, Calif., March 19, 2014 – EON Reality Inc., the world’s leading interactive 3D software provider, announces that Namseoul University,  located in Cheonan City, South Korea,will adopt EON Reality’s interactive 3D visualization solutions and Virtual Reality platform as a core foundation for its Entrepreneur School program.  

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Modeled after EON Reality’s hugely successful EON Entrepreneur School program, Namseoul University will begin admitting students to its Entrepreneur School this spring. These students will be immersed in interactive media, 3D technologies, and Virtual Reality solutions during the first three months before working on actual projects for the remainder of the program.

“This partnership with Namseoul University is a breakthrough for EON Reality in South Korea, and will help us to establish EON Reality as a key partner in the Korean market,” said David Kim, Managing Director of EON Reality Korea. “With the rapid hardware advances coming from South Korea, we also see a strong opportunity to partner with local suppliers and develop a solid foundation for a local Virtual Reality and interactive 3D media ecosystem.”

Apart from providing a cutting edge Development Lab, the initial set-up of the Entrepreneur School at Namseoul University will also include a Virtual Showroom. This facility is where students can embark on development projects using the latest Virtual Reality solutions, including  EON Icube Mobile and EON Ibench Mobile.

“The 3D technology market is growing rapidly and is estimated to be a 227 Billion USD market by 2016, with Virtual Reality and Augmented Reality technologies experiencing  rapid growth1,” said Pontus Appelqvist, VP Sales Asia for EON Reality. “By offering our Virtual Reality solutions as part of the Entrepreneur School program, we give students a chance enter this exciting market, and give local organizations an opportunity to develop new projects based on the latest Virtual Reality technologies. In addition, EON Reality provides budding entrepreneurs a platform to develop their own creative ideas and bring them to life though EON Reality’s  Innovation Program.”

As part of the Entrepreneur School, EON Reality will also implement its EON Innovation Program, an incubation program designed to bring innovative Virtual and Augmented Reality ideas to market. The Innovation Program runs parallel to the coding curriculum of the Entrepreneur School and gives driven students an opportunity to turn their innovative ideas into companies.

Dan Lejerskar Chairman and co-founder of EON Reality, said: “Entrepreneurship and innovation is in the DNA of EON Reality, and we are very excited about the opportunity to bring our Innovation Program to Korea as part of this partnership with Namseoul University. In conjunction with the establishment if the Entrepreneur School, we will soon also be formally announcing the establishment of our own subsidiary in Seoul, Korea and we see these two events as very important milestones within the company’s continued expansion.”

About Namseoul University
Namseoul University was founded in 1994 in Cheonan City and has been rapidly expanding ever since and has been awarded numerous times, including in 2009 as one of the best universities in the course evaluation of study for the teaching profession in Korea. The campus has some 16,000 students in courses including Engineering, Art and Physical Education, Business and Public Administration, Humanities and Social Studies and Healthcare. For further information, visit  eng.nsu.ac.kr.

About EON Reality
EON Reality, Inc. is the world’s leading provider of Virtual Reality software, system and services for the Education, Industry and Edutainment markets. EON Reality provides state-of-the-art 3D display technology for immersive and stereoscopic viewing, from portable tablet PCs and glass free stereo display systems to curved-screen and immersive rooms consisting of multi-channel projection walls. The technology foundation for developing interactive digital content includes importing the most common 3D animation formats into EON’s authoring software and creating modules and applications that can be viewed on various display systems. EON’s technology solutions enable all organizations to more effectively visually communicate, collaborate and accelerate knowledge transfer. For further information, visit  www.eonreality.com.

(*) According to Markets and Markets report from 2012, ref: http://www.marketsandmarkets.com/Market-Reports/3d-4d-technology-market-646.html

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