EON Reality, the world leading virtual reality corporation from Silicon Valley chooses the Canary Islands as their Spanish headquarters

People with virtual reality glasses

The company from Silicon Valley will begin operating in Gran Canaria in the next few weeks and their first project will be to train a thousand teachers and students on the use of virtual reality in the classroom. 

EON Reality’s Business Development Manager for LATAM and Spain, Pablo Aycart, highlighted the two main reasons why the company decided to set up in the Islands: the tax breaks and the institutional involvement, which made the whole process very easy: “Of course, tax breaks are important, because the Canary Islands have the best tax regime around but, what was even more important, was being able to count on the Government of the Canary Island’s help” he pointed out.

The prestigious company’s first project in Spain will be to train a thousand teachers and students. A further 300 people from a wide range of professional fields will be trained in the second stage of this project. 

The firm was set up in 1999, but has accelerated its international expansion over the last 5 years. Aycart stated that the recent technological development has made VR and AR more and more accessible (as well as economical) in a variety of fields. Improvements in IT and a faster processing power has allowed VR to be available even on smartphones.

EON Reality, whose subsidiary in the Canary Islands was formally set up in November last year,  leads the virtual training market thanks to its expansion programme and is now present in 22 countries in 5 continents. In the US the company has offices in Kansas, Texas, Oklahoma, Nebraska, Iowa and New York, as well as global headquarters in the heart of Silicon Valley. They also have delegations in Mexico City and Ontario, Canada. EON also is present in other countries around the world such as the Dominican Republican, Australia, the United Arab Emirates, South Korea, South Africa and Saudi Arabia. 

In Europe EON has offices in the UK, France, Italy, Denmark, Belgium, Norway, Sweden and now in the Canary Islands, Spain, from where they aim to break into the Spanish market.