Despite the economic challenges brought about by the pandemic, social unrest and trade wars, Hong Kong’s startup ecosystem has demonstrated remarkable resilience. InvestHK’s 2020 startup ecosystem survey reports a total of 3,360 startups (an increase of 6% from last year) employing 10,688 employees across 116 co-work spaces, incubators and accelerators. As one of the world’s financial centres, Hong Kong attracts talent from around the globe, and this diversity is reflected in the city’s startup ecosystem too. A quarter of the startup founders in the city has their country of origin outside Hong Kong. This international outlook, coupled with local talent with their language capabilities and market knowledge, has created strong startups, with the city boasting eight unicorns.