Closer ties are to be developed between the public and private sectors in a "radical shake-up", according to the Isle of Man government.
Officials said they hoped the alliance would mean a more effective use of resources from each sector.
The Isle of Man Finance Partnership will include representatives from both government and private industry.
It will be funded by the government in the hope of bringing more business to the Isle of Man.
Economic development minister Allan Bell said: "I really want to focus on tangible results and I am delighted that we will build on the current close working relationship and create a new era in Public Private Sector partnership".
A government spokesperson said the organisation would soon be organising a series of international visits throughout the Middle East, China and UK.