The Policy will also encourage medium-sized companies for generation of jobs.
Revenue Minister Rohan Khaunte told the House the draft policy will be unveiled in the next two months, which will promote IT start-ups in the industrial estates of the state.
He said the draft policy would be placed before Cabinet soon.
"The state government is in the process of drafting a revamped IT policy, which will be ready in the next two months. The policy will speak about encouraging employment generating mid-companies and Goan IT companies looking for expansion in the state.
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He said the government would also look at promoting the bigger IT companies on public private partnership (PPP) mode.
Khaunte said IT start-ups are being promoted to stop the brain drain from the state.
"The state aimsto set up 100 start-ups in the next five years and 20,000 sq mtrs of land will be demarcated for the purpose in the IT park," he added.