It's not just any college either. Imperial College is one of the leading engineering schools in Europe. A bit like the MIT of Europe, and this therefore is a pretty big deal.
I have very high respect for Imperial College London, I myself went to University College London and if you have looked at the world rankings for universities in the last few years, you'll see these two universities really holding their own especially with the notoriety of Cambridge and Oxford.
It wasn't that long ago that some student used the college computers to make a nice buck mining doge coin. Overall, such a respected place like IC making stands for BTC is truly encouraging news.