Mentorship has long been recognized as a crucial component of a successful academic journey. Despite the growing popularity of formal mentoring programs in educational institutions, there is a scarcity of empirical research on how to design these programs for optimal effectiveness. The "Loss and Control Seminar" represents a culminating requirement for undergraduate students that offers a comprehensive opportunity to apply their knowledge on risk management to real-world business challenges. However, the current approach to this course primarily relies on academic literature and lacks industry input, thus, hindering students from aligning their findings with industry expectations. This study seeks to introduce the "Industrial Mentorship Model (IMM)" into the Loss and Control Seminar to better equip undergraduates for the competitive job market. This qualitative design study comprises three phases, namely introduction, implementation, and evaluation, involving 61 students and twelve industrial mentors. Key findings demonstrate that the IMM fosters relationships that empower mentees to acquire knowledge and skills, establish valuable networks, enhance self-confidence, and cultivate self-reflective abilities. In addition, mentors derive personal satisfaction and gain insight into their own learning processes through their involvement in the program.

Keywords: Industrial Mentorship Model, Industrial Mentors, University-industry Knowledge, Mentor, Mentee