The Tour de Yorkshire will use the know-how of the team which runs the Tour de France each year.
And organisers believe the new race, which begins in Bridlington on May 1, will make an instant impression on the cycling world.
Jean-Etienne Amaury, president of the Amaury Sports Organisation, said: “All our cycling friends throughout the world have been very impressed with the unique enthusiasm here in Yorkshire.
“It will be a legacy of the Grand Depart but our real objective is to make the Tour de Yorkshire the best professional race of its kind in the world.
“Yorkshire has all the key ingredients to make the race a great success - the landscapes and a rich sporting history.
“We want to make the Tour de Yorkshire the best promotional platform for the county. We want the race to foster tourism and build the image of Yorkshire as a dynamic and welcoming county.
“I’m so thrilled to be part of this new venture. Vive le Tour de Yorkshire.”
Stage one runs from Bridlington to Scarborough, via Flamborough, Pickering, the Dalby Forest and Whitby.
Day two starts in Selby and comes back into the East Riding, riding through Beverley, Wetwang and Stamford Bridge, before finishing in York - a stage called The Stage of History.
The final day begins in Wakefield and takes in part of last year’s Tour de France route before heading for the finish line in Leeds City Centre. Race director Thierry Gouvenou said: “Here in Yorkshire we can create a beautiful cycle race. The three stages are very different from one another and any of the riders can find a way to express themselves.
“The first stage between Bridlington and Scarborough has five climbs which, although they are not long, are very steep.
“The coast and the North Sea wind could play a major role. The leaders will need to stay alert and the sprinters will have to stay close to them.”
In total, the Tour de Yorkshire will cover 515km. “The three stages are as challenging as any of the classic races,” added Mr Gouvenou.