Iceland kicked off its Global Entrepreneurship Week events today, as leaders from around the country took part in the celebration.

Ministers, mayors and party chairs will be on hand for an elastic wristband event. Minister of Industry Katrín Júlíusdóttir will be the first of many who will place the elastic bands on their wrists and then execute something that they’ve been meaning to do for a long time. Afterwards, they will pass it on to someone else. Each wristband project should be registered to the website athafnateygjan.is, where the process of each elastic band can be monitored.

On Nov. 17, there will be an open house at Keldnaholt, 112 Reykjavík, for those who are eager to discuss their business ideas and to be consulted on the establishment of companies—or just want to drop by for a visit.

On Nov. 19, innovators and entrepreneurs will talk about their experiences at the café Súfistinn on Laugavegur in Reykjavík. Outside the capital region, open meetings will be held in Saudárkrókur, Blönduós and Hvammstangi.

In Akureyri, the local innovation center will host events every day at the library’s Amts-café. On Nov. 19, presentations and consultancy sessions will take place at Ketilhúsid Cultural Center in Kaupvangsstraeti.

In the Westman Islands, the local Fab Lab Innovation Center will inspire inhabitants, and in Höfn there will be an osmosis experiment — osmosis power plants could be Iceland’s future in energy harnessing.