This reminds me of Australia's startup scene too: it's become something of a "game" with accelerators, advisors, incubators and even stranger things, often lead

This reminds me of Australia's startup scene too: it's become something of a "game" with accelerators, advisors, incubators and even stranger things, often lead by people whose business experience (let alone tech startup experience) would be politely described as thin. It's definitely a case of form without content, and no-one should be surprised if the results from such an ecosystem are less than stellar.