The trial announced by the Welsh government will launch in the summer and will be open to all care leavers who turn 18 over the following 12 months.
It is expected to remain in place for at least three years and will be used to assess whether those who take part do better in the long term, financially, physically and emotionally, than young people who do not.
The scheme is expected to cost the Welsh government around £20m over three years and support as many as 500 young people.
Researchers who designed the scheme looked at similar initiatives delivered worldwide and worked alongside care leavers in creating the offer.
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