The 2022 IPBC Global Event was held in our hometown of Chicago, Illinois from June 12-14th. This event brought together top corporate IP executives, policy experts, dealmakers, senior finance professionals, and service providers. Michael Taylor, Jake Sweeney, and Abner Castaneda represented ktMINE as a Bronze Sponsor and have provided their takeaways.
The ktMINE team left our West Loop office to head over to the IPBC Global event located in the South Loop. Upon arrival, we set up the ktMINE booth and connected with familiar faces around the exhibit hall. After the booth was set up and ready to go for the coming days, we made our way up to the 33rd floor for the opening drink reception.
After an hour of great networking with IP professionals at the ktMINE booth, we headed over to the keynote. This year’s keynote was hosted by Magnus Frodigh, VP & Head of Research at Ericsson. Throughout his address, Magnus talked about what has been done in 5G and provided a roadmap to 6G, discussing how it will allow for a completely interconnected society.
Panel: The State of Play
The State of Play Panel discussion was put on by Makan Delrahim, Former Head of the Antitrust Division at the US Department of Justice, and current Partner at Latham & Watkins, Andrei Iancu, Former Director of the USPTO, and current Partner at Irell & Manella LLP, Noreen Krall, Former Vice President and Chief Litigation Counsel at Apple, and Founder, Board Chair Emeritus at ChIPs, Dan McCurdy, Chief Executive Officer at RPX, and Peter Toto, Senior Vice President of IP at Sony Corporation of America. During this panel, the speakers discussed the different perspectives of IP policy and how it has changed across administrations in regard to standard-essential patents (SEP).
Makan Delrahim took the side of the current administration’s policy where every case should be looked at individually. Alternatively, Noreen Krall argued that we would benefit from having a standard set.
Masterclass Licensing Sessions
Jeff Carter of High Tech Solutions was the moderator of Masterclass Licensing Sessions and did an amazing job. Jeff played a huge role in redirecting questions from the crowd and twisting them into thought-provoking questions for the panelists.
When asked what are some of the greatest lessons in licensing you can give to a licensor, Shayne O’Reilly, Head of Licensing & Open Source at Meta spoke about how licensing is a team sport. Shayne reminded us that the licensee knows how to sell internally, you just need to give them the right tools and don’t try to do it by yourself. In other words, give the licensee the simplest terms with clearly explained materials so they can quickly and easily pass it up the chain of command to generate interest and gain approval.
A member from the audience pointed out that Keith Wilson, EVP of Partnerships & Acquisitions at IPValue has generated billions in licensing revenue without ever, or very rarely, taking another company to court for infringement, so when asked how you get so much licensing revenue without engaging in litigation, Keith said the most important thing to him has always been to build as much trust as possible.
The session concluded with the panelists agreeing that being too stubborn on one specific term of a deal was one of the most common reasons why a deal falls through. After this session was over, we connected with many individuals who thought that this was the most fruitful discussion of the conference and we couldn’t agree more.
We kicked off the last day of IPBC Global with a fantastic breakfast to fuel our day. Day three was a busy one at the ktMINE booth We met with a ton of individuals and learned new ways that we can serve our customers, from IP litigation funding to NPEs to management consultants and IP data providers. After our busy day of networking, we joined everyone for the final drink reception.
Thank you IPBC for yet another great event – see you next year in sunny San Diego!