The purpose of this study was to study the assessment indicators for the entrepreneurial learned by tertiary student of internship programs adjust Industry 4.0. This study used in-depth interviews and focus groups were used to develop the ability indicators and gain consistency between the ability items. The research results showed that there were three types of entrepreneurial cognition learned by students of internship programs adjust Industry 4.0: start-up experience, industry-specific experience, and managerial experience. The ability content included 11 items of entrepreneurial cognition ability: entrepreneurial traits, basic commercial ability, communication ability, digital ability, professional innovative ability, financial management ability, human resource management ability, marketing management ability, operational (work) ability, and risk management ability, and there were a total of 91 ability indicators. There were 48 items of entrepreneurial cognition that had high importance and usage frequency.