Advisers to Tung Chee-hwa on innovation technology will be appointed in the next few weeks. Addressing the Federation of Hong Kong Industries anniversary dinner last night, Mr Tung said the appointments to the Council of Advisers on Innovation and Technology and to the Board of Directors of the Applied Science and Technology Institute would be unveiled soon. Noting hi-tech development was the way forward for Hong Kong, Mr Tung said the SAR had experienced the first wave of the knowledge economy and Internet boom. 'Every day we are hearing the establishment of 'e' or 'i' business, the promotion and development of e-commerce in existing business and the formation of strategic partners inside and outside Hong Kong. But we should harness the potential of technology to add value to our economic activities,' he said. 'After initial scepticism, there is now consensus in the community that innovation and technology is going to be an important engine of our growth in the 21st century.'