Abstract
Higher education institutes (universities) make important contribution to the economy and social life. So universities effectiveness is important for industry. Cooperation between university and industry can facilitate the transfer of knowledge and even stimulate the production of new knowledge and technology. University knowledge is applied in industry to support innovation and creation for new technology. University-industry cooperation both foster new university capabilities and effectiveness of higher education. The paper aims to examine the university-industry collaborations for effectiveness of education as a result of the four factor model. While some models explain two or three factors related to the university-industry collaboration, this paper explains four factors. We believe four factors more effective than the other models. These factors are consisting of university, industry, government and civil society organizations.