This paper analyses University-Industry collaboration models in Science, Technology, Engineering and Mathematics education. First, a review of published CDIO optional standards for University-Industry collaboration is presented. With strong industrial link requirements, the French related standards for engineering accreditation are then scrutinised, and echoed with European requirements. To broaden the perspective, the Swedish and Thai quality criteria for industry links are also reviewed. As a result, five identified University-Industry collaboration themes and criteria of requirements are mapped in a table. Three new emergent themes are also identified based on questionnaires and interviews operated during the fall 2019 in the context of a Euro-ASEAN capacity-building project. By identifying themes of collaboration with industry and business, the analysis of this paper lay the foundation of a structured relationship model for STEM universities, to be fuelled later by shared good practices among countries. The eight proposed University-Industry themes could indicate directions of development to the CDIO framework for specific optional standard definition, at a relatively high level. This paper may also contribute to advancing 4.0 STEM-educational frameworks for curriculum guidelines aligned with skills for industry.