I never thought of VR and theater, is definitely something new for me. You have identified the pain point and VR might be the solution. This type of tool brings a lot of possibilities for schools that do not have a large budget. VR accessories are expensive and schools might be somewhat hesitant about it, but if VR tools can be used in several subjects, then is definitely something to go for. If VR can be used in language learning, math, biology or any other subjects this would solve the financial constraint that school have when buying material and equipment for class.
Suggestion: I would have enjoyed the to see you in the elevator pitch. Since it related to visual and performing arts, maybe having your “personally” explain it to us could have been more catchy.