It will chart the way ahead for the region, showing how computers and other technologies will be used to make business and government more efficient and to improve people's learning and skills.
The blueprint will take four months to complete and starts with widespread consultation among interested people across the east Midlands.
Bryan Carr, the board member at East Midlands Development Agency with responsibility for ICT issues, said: 'In a perfect world everyone in the east Midlands would have the chance to take advantage of and benefit from these exciting new developments in information technology.
A team of consultants, headed by Philip Sowden, of Melton Mowbray, Leicestershire, who is a director of specialist consultancy Technolopolis, is drawing up the ICT strategy that will serve the east Midlands as it aims to reach the 'European economic premier league' of regions by 2010.
The strategy will encapsulate e-business, e-learning and e-government, broadly covering the business, education and public services.
Mr Sowden said: 'ICT can underpin and enhance business development; it can help with flexible and lifelong learning upon which effective workforces are built; and it can make public administration faster. So it can play a leading role in helping the East Midlands to become a more competitive region within Europe, with the ripple effect of improving prosperity and the quality of life.'
Technopolis is now embarking on consultation on the range of ICT issues in e-business, e-learning and e-government.