Virtual training platform allows interactive and engaging learning through practice without exposing trainees to hazards. In the recent pandemic (COVID-19) situation, online training is gaining importance as it allows learning with social distancing. This research study develops two online training modes—slide-based and virtual world—and assesses them on factors such as knowledge retention, engagement, and attention. Fire safety and emergency evacuation procedures were selected for online training development, focusing on a university community. A Lean Startup methodology was employed to develop training content for virtual and slide-based safety training (SBST). A virtual university building was developed with 15 learning objectives on fire safety. An empirical evaluation of the training modes was conducted with 143 participants. The results validated that a Virtual Safety World (VSW) can provide the same knowledge as SBST but can do so in a more engaging manner. Retention of concepts after a month was higher in VSW participants. The participants’ attention levels, measured by employing qEEG, showed that participants exhibited better-sustained attention while in VSW than in SBST mode. In addition, initial studies of the virtual training platform, designed to be adaptive to the user, are performed using deep learning and qEEG.