By James Griffiths
Government can promote and foster innovation, but it must recognise that it can also be a major hurdle to advancement, attendees at the third South China Morning Post Game Changers Forum heard on Tuesday.
On another panel at the event, Douglas Young, the co-founder and chief executive of lifestyle brand Goods of Desire (GOD) said that Hong Kong can be a very good place to raise capital, but fails at nurturing creativity.
"Hong Kong people generally want tried-and-tested things ... I think our leaders in government are so risk averse. That's why our society is stagnating," he said.