It will be held at Dr Shama Prasad Mukherjee stadium near here.
"This time we are having participation of businessmen from outside Goa along with the local entrepreneurs," Rajkumar Kamat, Executive Director of the festival, said.
"The 2015 edition gave a boost to more youth looking at entrepreneurship as a career choice. Quiet a few established entrepreneurs networked during last year's event to generate business," he said.
Kamat said this year the process has been taken a step further by initiating a start-up festival in line with Prime Minister Narendra Modi's vision.
"Apart from over 500 entrepreneurs from Goa, we expect another 300 plus entrepreneurs and businessmen from out of the state," Kamatadded.