IPSim Workshop with WP Thompson at Cranfield University
IPSim Workshop with WP Thompson at Cranfield University

IPSim Workshop with WP Thompson at Cranfield University

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Cranfield University


Conway House


MK43 0FQ

United Kingdom

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IPSim - Experiment. Learn. Win.

This workshop and competition is being hosted by Tacit Sims in partnership with WP Thompson (Kerry Rees - Senior Associate).

There will be up to 8 teams and up to 3 people per team. The winning team will win £600 worth of support and advice from WP Thompson and an Amazon Kindle Fire.


Some people believe Intellectual Property (IP) commercialisation is a matter of Profit and Loss.  It's not, it's much more important than that.

In IPSim you assume control of a knowledge-based company that develops technologies and commercialises Intellectual Property in return for Intellectual Property royalty incomes. The main objective of IPSim is to commercialise as much tech in as many territories as possible whilst minimising the risk of being sued for infringement and maintaining a competitive Intellectual Property advantage over other companies/players. A successful and strategic company amasses securely protected Intellectual Property that is commercialised in all territories as well as Intellectual Property that is used for blocking or trading purposes. The most successful company is the company with the most lucrative Intellectual Property Portfolio at the end of the simulation.


1pm - 1:30pm Arrive / IP Presentation

1:30pm - 2:00pm IPSim Briefing

2:00pm - 2:30pm IPSim Practice - Easy setting 3 rounds of 5 minutes each

2:30pm - 3:00pm Commercially focused IP Presentation from Wesley Randle

3:00pm - Break, Refreshments

3:15pm - 4:15pm IPSim Competition - Hard setting 8-10 rounds of 6-7 minutes each

4:15pm - Winning teams announced 


IPSim encourages social interaction, because we believe that communal learning is extremely effective and is closer to practical experience. Each action taken by a player in IPSim (a trade, a negotiation or a strategic decision), will have human consequences whether they are a result of betrayal, collaboration or extreme competition. In this way, IPSim puts each player in a real-time scenario, with finite resources and real-life pressures on relationships, that force them to collaborate and compete in a way that they would when running a real business.


Learn the fundamentals and complexities of IP

Experience IP management, trading and commercialisation with other players

Develop management and negotiation skills through experiential learning and reflection

Test offensive and defensive IP strategies

Understand how to manage a budget and update your finances

Use Scenario Packs to customise your experience


Valuation and Trading

Licensing (Exclusive and Non-exclusive)


Open Source commercialisation

Inventions and Trade Secrets

Tech Commercialisation

Implications of Enforcing and Infringement of IP Rights

IP Policies

Obsolete Tech and Revoked IP

IP Landscaping

Territorial use of IP


Develop, Buy, Licence Trade Secrets and Patents through Negotiations

Acquire or file patents

Enforce Legal action against infringers or settle out of court

Commercialise your IP

Explore Commercialisation Strategies

Collaborate and Compete

Manage your Finances


"We played probably for 5 hours straight... we were having a lot of fun, trying to make the most money" Saarah Khan & Hanne Ballhausen, MSc Management and Corporate Sustainability (Cranfield University)

“Good simulation to help those that would like to learn about the commercialisation of IP.  The time limit placed on each player is a good thing, not just for time keeping, but it exerts some stress and encourages players to act fast like in the real world.” Steve Khoo CEO (Tidal Harness Ltd)

"Enjoyable, Educational and Challenging" Stuart Forrest, Patent Attorney (WP Thompson LLP)

“IPSim is an enjoyable experience and also interesting to see interactions between players.  It gets you thinking about how IP works, the differences on some of the terms, where to develop IP and how others react." Gary Jesson, MD e-Financial Management (eFM)

“A well organised workshop and effective tool – would certainly recommend.” Muhammad Azam Roomi, Senior Lecturer (Cranfield University School of Management)

“Playing IPSim was a great experience as I managed to put into practice some business related IP concepts. The tool is suitable for a broad range of players, helping beginners learn about IP concepts and is equally exciting for people with deep IP knowledge. It boosted my competitive spirit and was absolute fun. I would love to play it again.” Elena Andonova, Consultant, ISIS Enterprise (ISIS Innovation Limited)

"It was fantastic... it's an addictive game" Prafull Sharma, Entrepreneur

“IPSim ticks all the boxes for our students. Its extremely engaging for them too” Andrew Osborn, Head of Engineering, Central Bedfordshire UTC

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Date and Time

Cranfield University


Conway House


MK43 0FQ

United Kingdom

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