A supercomputer developer from the mainland could be attracted to Hong Kong to help spur innovation and technological development, said Patrick Wang Shui-chung, chairman of the Applied Science and Technology Research Institute. Chief Executive Donald Tsang Yam-kuen included innovation and technology among six economic areas in which opportunities needed to be realised amid the downturn. The Central Policy Unit convened a focus group discussion yesterday to explore short-, medium- and long-term approaches to improving the city's economic strength through innovation and technology. Dr Wang, convenor of the group, said attracting the right talent was central to developing a knowledge-based economy. 'If we can attract just a few world-class entrepreneurs to Hong Kong, we will be able to start a chain reaction [of attracting other investors]. 'The government should particularly attract those who own proprietary technology and who have a good understanding of the market.' He said a supercomputer developer from the mainland was interested in moving his business to Hong Kong to use the city as a springboard to enter the world market. Lau Siu-kai, head of the Central Policy Unit, said participants in the focus group agreed Hong Kong had an edge in promoting the development of innovation and technology as the city had a well developed intellectual property protection regime and Hong Kong people possessed an entrepreneurial and innovative spirit, and a sense of the world market. 'These factors would facilitate the process of turning technological ideas into commercial products,' Professor Lau said. While participants said they preferred the private sector to take its own initiatives to drive innovation and technology development, many suggested the government should provide seed capital and other incentives, such as tax concessions and industrial land, to entice overseas technological talent and entrepreneurs.