The Genesis Sun Ascension Programme will include monthly meet ups with interactive workshops on life skills and a focus on black history.
The monthly programmes seek to combine inspiration, music and entertainment to stimulate the minds and curiosity of young black people by celebrating cultural heritage and personal development.
Live DJs also feature at the events to help inspire the youngsters through music.
DJ Day Day, who was host at the launch event in Wolverhampton's Molineux stadium, said: "Here are the Molineux, it's just amazing, we've got loads of youths coming through and for the genesis sun event ascension programme.
"We're just here to just inspire and help the youths and really encourage them to get into whatever they want to achieve, we're really here to just help them basically."
Some of the children involved in the programme told ITV Central what they're hoping to get out of it.
One youngster said: "I'm here to be educated about people's back stories, and to be inspired by their back stories."
Another said he is hoping to learn "tips on how to handle the working world."
'It's important to help the next generation'
Part of the programme includes inspirational speakers to come along and give the young participants an insight into their creative careers.
Sonny Hanley was the speaker for April's event, as Controller of Content Services at ITV.
He said he hoped to inspire others to consider the plethora of roles that exist in ITV for people hoping to break into a media career.
He added: "I didn't have social enterprises to work with when I was coming through the industry, so it's vitally important to me to give something back.