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The venture studio model is built on a simple insight: the reason most startups fail is not that the idea is bad. It's that the systems, skills and resources required to execute it were never in place.

The founders who start well — who build the right foundations before they start spending serious time and money — make different decisions at the beginning. Not perfect decisions. Better ones.

The startup incubator landscape in Australia ranges from genuinely transformative environments to little more than a co-working space with a fancy label. Understanding what a real incubator does — and how to tell the difference between one that will accelerate your progress and one that will simply occupy your calendar — is worth knowing before you commit.

At its simplest, an ecosystem is the collection of people, organisations, capital and infrastructure that supports the creation and growth of new businesses. In Australia's case, that ecosystem has grown significantly over the past decade into one of the most active startup environments in the Asia-Pacific region.