France is now looking to capitalise on the $50 billion future submarine contract with Australia by sending a delegation to establish research deals with local institutions.

The delegation of over 50 officials, scientists and business leaders coming to Australia will sign approximately 17 agreements with Australian universities and institutions across the country, including the Australian National University in Canberra and Adelaide University.

Frederique Vidal, France's Minister for Research, Science and Innovation is leading the delegation and said Paris views Australia as a country of significant opportunity.