Purpose The purpose of this paper is to specify the conceptual foundations of educational cooperation of universities and companies of Industry 4.0 for maximizing its efficiency. Design/methodology/approach For determining the efficiency of educational cooperation of universities and companies of Industry 4.0 in modern Russia, the authors use the information and analytical materials on the results of monitoring of effectiveness of the activities of educational organizations of higher education in 2018. They use the indicators of the number of cooperation agreements and efficiency of cooperation – employment of graduates and the share of non-budget assets in revenues from the educational activities. These indicators are studied with the help of the method of regression analysis. The objects of the research are the flagship universities of the Central and the Southern Federal District of the Russian Federation. Findings Low efficiency of the educational cooperation of universities and companies of Industry 4.0 in modern Russia is observed. The authors show by the example of the flagship universities of the Central and Southern Federal Districts of the Russian Federation in 2018 that multiple agreements on their cooperation with the companies of regions in which they are located do not ensure high values of the indicators of employment of their graduates and the share of non-budget assets in revenues from the educational activities. Originality/value An algorithm of developing the educational cooperation of universities and companies of Industry 4.0 and a model of educational cooperation of universities and companies of Industry 4.0 are offered. The authors’ recommendations specify the conceptual foundations of the educational cooperation of universities and companies of Industry 4.0, as they orient the participants of this cooperation at achievement of specific formalized results and show the mechanism of achieving them.

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