The Coulsdon Chess Fellowship (CCF) will hold the first Jessica Gilbert Celebration International over 10 days in August.
If successful, it could become an annual event.
Jessica's mother Angela Gilbert, 54, said the tournament was a fitting tribute to her daughter.

Jessie, 19, died after falling from the eighth-floor window of her Czech hotel room in July 2006.
That day, she had won a match at a tournament which led to the former Croydon High School student being posthumously named an international master.
To gain that status, players must compete against players already at a high level.
Jessie's mother, Dr Gilbert, who has three other daughters, said she hoped that by bringing top level chess to their doorsteps a younger generation of players would be inspired.
The tournament, expected to be contested by up to 100 players, will also raise funds for the NSPCC, a charity Jessica actively supported.

For more information about the tournament or CFF visit  http://www.ccfworld.com/.