Australia's move to fast-track association with Horizon Europe from 2027 is a major step forward for research, innovation and the economy.
Universities Australia Chief Executive Officer Luke Sheehy said it would open the door for Australian universities and researchers to tap into the world's largest innovation program and lead major international projects.
"This is a big moment for Australia's universities, researchers and industries," Mr Sheehy said.
"It puts us on a pathway to work more closely with Europe, tackling shared challenges and advancing cutting-edge research.
"In a more uncertain and competitive global environment, strong international partnerships are more important than ever to protect Australia's interests and keep us at the forefront of discovery.
"International collaboration makes research stronger, and closer cooperation with Europe will supercharge Australia's innovation effort.
"Horizon Europe means more opportunities to partner with global leaders, access major funding and help build the industries that will power our future.
"Universities Australia has long called for Horizon Europe access and today's announcement delivers a pathway forward.
"We made the case in Brussels last year and kept the pressure on at home, and now Australia is moving toward association with Horizon Europe from 2027.
"This is exactly the kind of global partnership we've been pushing for to power productivity, drive innovation and help deliver national priorities - from the clean energy transition, to building sovereign capability, to developing the cures and technologies that will improve lives.
"We've been clear: if Australia wants to lift productivity and stay competitive, we need a seat at the table.
"Importantly, the benefits of Horizon Europe will flow well beyond universities. Innovation drives jobs, industries and productivity and economic growth.
"Universities Australia will work with government and our members to ensure Australia moves quickly to secure full participation and maximise this opportunity.
"We also acknowledge the Group of Eight universities for their role in backing this opportunity, including through its pledge of funding to support Australia's joining fee to Horizon Europe.
"As the government finalises access, it's important that its investment is new funding, not repurposed from existing programs, so we grow Australia's research capacity rather than stretch it further."