Research Article
The Effect of University-embedded Incubation Hubs on the Innovation Ecosystem in Mumbai State, Indi
Pascal Nyiringango,
Wilson Bashaija,
Subrat Sahu
Issue:
Volume 13, Issue 4, August 2025
Pages:
143-151
Received:
4 May 2025
Accepted:
21 May 2025
Published:
4 July 2025
DOI:
10.11648/j.jfa.20251304.11
Downloads:
Views:
Abstract: The study sought to establish the effect of university-embedded incubation hubs on the innovation ecosystem in Mumbai State, India. The researcher employed the Triple Helix Theory of Innovation and National Innovation System (NIS) Theory to analyze the role of academia-industry-government collaboration in fostering entrepreneurship and technological advancement. The study applied a qualitative research design, targeting incubators within major universities such as IIT Bombay, NMIMS, and Somaiya Vidyavihar. Purposive sampling was used to select incubator managers, university faculty, and startup founders. Data collection involved semi-structured interviews and institutional document analysis. Data was processed through thematic content analysis using NVivo software. The findings show a strong positive influence of university-incubation hubs on startup growth, innovation culture, and ecosystem development in Mumbai. Incubators provide structured support through seed funding, mentorship, infrastructure, and industry linkages. However, the study revealed challenges including limited access to incubation for non-STEM founders, uneven funding availability, and lack of policy harmonization. Therefore, the study rejects the null hypothesis and concludes that there is a significant relationship between university-embedded incubators and the regional innovation ecosystem. University-embedded incubation hubs in Mumbai have emerged as pivotal engines of innovation and entrepreneurship in India’s 21st-century knowledge economy. Their strategic role in linking research, industry, and policy frameworks demonstrates the potential for universities to lead regional development. However, to maximize their long-term impact, systemic reforms focused on inclusivity, scalability, and policy coherence are essential. The study recommends that university incubation hubs enhance inclusivity, increase partnerships with industry, and align more closely with national startup policies. Management should ensure regular impact assessments, and government agencies are urged to strengthen regulatory frameworks that support inter-institutional collaboration and capacity building.
Abstract: The study sought to establish the effect of university-embedded incubation hubs on the innovation ecosystem in Mumbai State, India. The researcher employed the Triple Helix Theory of Innovation and National Innovation System (NIS) Theory to analyze the role of academia-industry-government collaboration in fostering entrepreneurship and technologica...
Show More
Research Article
Corporate Accounting Practice on the Horizon: Exploring the New Frontiers and Evolving Trends of Artificial Intelligence and Machine Learning
Anne Lodenyi Bulimu
,
Samuel Owino Onyuma*
Issue:
Volume 13, Issue 4, August 2025
Pages:
152-163
Received:
25 May 2025
Accepted:
18 June 2025
Published:
10 July 2025
DOI:
10.11648/j.jfa.20251304.12
Downloads:
Views:
Abstract: Corporate managers are grappling with dysfunctional accounting practices that are ill-equipped to manage the disruptive environment of growing artificial intelligence and other emerging trends. The field of accounting is experiencing rapid transformation due to a plethora of emerging trends that are reshaping the traditional practices. These trends are aimed at leveraging on good governance and technological advancements to promote sustainability of businesses. The paper applies institutional theory, customer relationship management theory, and Christensen’s disruptions theory to examines the emerging shift in the practice of accounting by exploring interdisciplinary streams of literature. An integrative review methodology was used to identify emerging constructs relating to accounting practice in modern corporate sector. This paper identifies and discusses these trends and their implications for the accounting profession. Results revealed that technological advancements, automation of services, artificial intelligence, and blockchains are revolutionizing accounting processes, enhancing efficiency, accuracy, and transparency. The integration of artificial intelligence and machine learning into accounting processes through algorithms are revolutionizing traditional accounting functions by automating data analysis, detecting patterns, and identifying anomalies. These can enhance the accuracy and efficiency of financial reporting, risk management, and fraud detection, leaving accountants to focus on value-added tasks. Cloud technology also offers numerous benefits such as improved accessibility, real-time data updates, and enhanced collaboration, among stakeholders. This can enable firms to streamline their financial operations, automate repetitive tasks, and focus on strategic decision-making processes. Sustainability accounting and integrated reporting are gaining prominence as firms recognize importance of incorporating environmental, social, and governance (ESG) issues into financial practices. As firms recognize the importance of sustainable practices and stakeholder engagement, the demand for transparent and standardized ESG reporting has been rising. Accountants are also playing a crucial role in developing frameworks to measure and report on ESG impact, enabling firms to align their financial goals with sustainability objectives. Data analytics and predictive modeling are empowering accountants to extract valuable insights from large volumes of data, enabling proactive decision-making. The shift towards value-based pricing emphasizes the need for accountants to understand customer perceptions and deliver unique value propositions. The paper concludes that accountants must upskill and adapt to the emerging technologies. Firms and professionals will have to navigate the evolving accounting landscape and unlock new opportunities for success. To achieve sustainability gains to firms, accountants must grab opportunities these trends present and leverage technology and embrace sustainable practices to drive firm success in a dynamic, complex environment.
Abstract: Corporate managers are grappling with dysfunctional accounting practices that are ill-equipped to manage the disruptive environment of growing artificial intelligence and other emerging trends. The field of accounting is experiencing rapid transformation due to a plethora of emerging trends that are reshaping the traditional practices. These trends...
Show More
