Queen’s is ranked within the top 4 in the UK when it comes to exploitation of IP when measured based on total IP revenue. A report for the Department for Business, Energy, and Industrial Strategy (BEIS) placed Queen’s in Group 1 for knowledge exchange and commercialisation, a cluster of 4 institutions defined as “large, high research intensity universities with significant IP activity”. This included the Institute of Cancer Research, and the Universities of Cambridge, Oxford, and Queen’s University Belfast.