In today's rapidly evolving developed world, universities have undergone significant transformations, transitioning from conventional practices to more adaptable, community-centric, and industry-focused approaches. Institutions that successfully align themselves with the needs of industry and society not only ensure their survival but also exhibit a greater capacity for generating applied knowledge and offering valuable services to their respective communities. This study aims to investigate the diverse models of cooperation between universities and industries specifically within the context of developed countries, with a particular focus on the Iranian landscape. By undertaking a comprehensive review, the study examines existing models and strategies employed to address this multidimensional challenge, effectively identifying their inherent strengths and weaknesses. Furthermore, a systematic framework is formulated to classify and categorize these models, enhancing our understanding of their underlying dynamics. Finally, the study presents a set of recommendations for universities, industry stakeholders, and researchers to guide future investigations in this domain. The insights gained from this study contribute to the broader academic discourse on effective university-industry collaborations and pave the way for more targeted and context-specific research endeavors within the Iranian context.