Training will cover communication and leadership skills through a range of volunteering schemes run by oil giant BP, volunteering charity V, and the Dame Kelly Holmes Legacy Trust. Athlete mentors will also assist recruits.
The Young Leaders Programme will recruit participants from Hull, Aberdeen, east London and Sunbury-upon-Thames, where BP has bases.
Councils in each area will handle the recruitment of participants and set their own local definition of ‘disadvantaged'.
The intention is for the recruits to run voluntary activities during the Olympics and promote London 2012-related activities in their area.
London 2012 chairman Seb Coe said: "The London 2012 Young Leaders project fits clearly with our vision of engaging and inspiring young people. Volunteering is not only an integral part of creating positive change in communities and developing skills in young people, but also essential to the success of the Games."
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