NYnet is aiming to attract private sector investment to assist with the rollout of high-speed fibre broadband in North Yorkshire.
The body, established to improve broadband access across the county, wants internet service providers to match or even exceed its current funding pot of £30 million.
According to NYnet, this will help 500,000 residents and 12,000 businesses receive high-speed broadband over the next three years, reports the Press.
Andy Lister, NYnet's Commercial Director, commented: "We will tell the telecommunications industry that we have a lump of money and we want from them additional investment.
"Those who come up with the best investment and the best technology to best serve the interests of rural North Yorkshire will get the contract."
NYnet has already delivered faster broadband speeds to a number of remote North Yorkshire settlements, including Newton-on-Rawcliffe and Farndale.