Under the memorandum, the two parties will work together at Inveresk to developing opportunities for university students with the football club.

Hawks chief executive Justin Reeves said the memorandum was another opportunity for the club to show its commitment to Launceston and Tasmania.

"We've [Hawthorn] been here for 20 years now - we're always looking for ways to strengthen our relationship," he said.

"While this is a three-year initial deal we see that this relationship will go long into the future."

UTAS students will have chances to work with Hawks players and staff in a number of areas including athletic performance research, health and nutrition and event management.

Mr Reeves said while the Hawks already have internships in place for UTAS students, the memorandum would allow those undertaking research to use the professionalism of Hawthorn to further their academic career.

"I think the two institutions have shared values, we are completely invested in the development of youth," he said.

"In sport and education, we're focussing on the two best pillars to develop youth and this makes perfect sense for the university and for us."

UTAS students will also be given access to exclusive Hawthorn memberships for games in Launceston from 2020. University Provost Professor Jane Long said there were real synergies between the university and Hawthorn they were looking forward to exploring further.

"In the research space, in particular, we can tailor-make some opportunities for students to explore and become involved with Hawthorn," she said.

Under the memorandum, Hawthorn games and wellbeing program Looking After ME will serve as learning opportunities for those involved in the Children's University. Both groups agreed that their partnership will get stronger as UTAS' Inveresk campus continues to develop.

"The precinct will come to life and it's next to the stadium which makes us next door neighbours, for that we're really excited," Mr Reeves said.

Mr Reeves wasn't concerned about the impact a Tasmanian AFL team would have on the venture.

"We've said before that if and when Tasmania get their own team, we'd be the first to congratulate and support [Tasmania]," Mr Reeves said.

"There's some work to do in that space so we're not going to think about a time when we're not here and focus on when we are here and we hope that's a long time."

University provost Professor Jane Long said there were real synergies between the university and Hawthorn they were looking forward to exploring further.

"In the research space in particular we can tailor-make some opportunities for students to explore and become involved with Hawthorn," she said.

Under the memorandum, Hawthorn games and wellbeing program Looking After ME will serve as learning opportunities for those involved in the Children's University.

Both groups agreed that their partnership will get stronger as UTAS' Inveresk campus continues to develop.

"The precinct will come to life and it's next to the stadium which makes us next door neighbours, for that we're really excited," Mr Reeves said.