Due to the knowledge economy and its impacts on collaborative works with industry, universities have been obliged to shift themselves into entrepreneurialism. This has a great impact on research and development activities and brings about change in structural and cultural academia and institutions, i.e. academic capitalism. This study is based on secondary data analysis of the qualitative study conducted to seek the university-industry relations in three technocenters at Hacettepe University, Middle East Technical University, and Bilkent University, Ankara, Turkey in 2011. This study aims at revisiting academic capitalism with regard to an interaction model based on the findings of that qualitative study. The participants of that study were fifteen executives of the companies in the field of education. The data were gathered through interviews and analyzed via content analysis. The model discusses the actors, their interaction and their roles, tasks and duty in this collaboration. It is considered that this model empowers the collaboration between the university and the industry and triggers more collaborative works.