The jewellery designer, who was fired from the programme along with Maria Fowler earlier this month, suggested that he could get the likes of Amy Childs, Mark Wright and Kirk Norcross to reunite for a new project.
"Nobody can say, 'Shut up!' like me and Amy," he insisted to The Sun. "No one can take away the vajazzles, the honeys, the professionals, the 100 percents, well-jels, the shut-ups. I'd 100% love to set up a rival show with the others that have left.
"I'd love to do something with me and Amy. We've both said to each other that we are going to stick together now, so we're gonna. This year is going to be Harry and Amy."
Although Derbidge admitted to having "cried for an hour" when he heard of his TOWIE axing, he said that he had been boosted by the amount of work offers that have emerged since.
"I've got offered so many great things that in a way I'm pleased to have gone," he said. "TOWIE made me and was amazing for me. I couldn't have wished for a better show. It's not ending, I'm moving on. If the new series of TOWIE is on when I'm in, then of course I'll watch it."
12 new cast members are tipped to join The Only Way Is Essex for its fourth series.
> Sam Faiers's boyfriend TJ joins 'The Only Way Is Essex'