A largely positive review criticised the school's 'paper-based culture', but praised the high level of school staff active in research.
The funding comes as Trinity attempts to widen its research funding sources from beyond the EU and state bodies.
The ESU resolution called for the abolition of fees in the countries with the highest fees in Europe, including the UK, Hungary and the Netherlands.
The agreement, signed today by the US and Ireland, doesn't include the four-month visa used by thousands of students each summer.
The submission comes ahead of the union's appearance before the Oireachtas Education and Skills Committee on December 8th.
The union has been a member of USI since 2014, after a referendum on re-affiliation passed by a single vote.
Trinity is listed as first in Ireland and 19th out of 1,337 educational establishments for securing Horizon 2020 funding.
While Trinity have increasingly targeted students from Northern Ireland in recent years, only 78 students students accepted a place in 2016.
Accreditation for its MAI computer engineering and MSc computer science courses would result in their international recognition.
Trinity Rugby’s Head Coach, Tony Smeeth, was last night awarded the ‘Tom Rooney Award’ for services to rugby at the Guinness Rugby Writers of Ireland Awards .