Effective postgraduate translation education aims to produce highly skilled language service professionals who are essential to societal needs and local economic development. This paper explores the central role of collaborative models involving government, academia, industry and business in achieving this goal. By integrating theoretical learning with practical experience through real-world translation scenarios, students are equipped not only with a solid academic foundation, but also with invaluable industry insights and skills. This collaborative approach ensures that graduates are not only competitive in the job market, but also contribute significantly to local economic growth and social progress.