The lucky candidates will become members of the LOCOG Press Operations team for the London 2012 Games.
Launched at the Singapore 2010 Youth Olympic Games, the Young Reporters programme provides cross-platform journalist training and on-the-job experience for journalists between the ages of 18 and 24.
Between 14-26 August, 29 young reporters will join the programme, reporting on the Youth Olympic Games.
LOCOG Chairman Sebastian Coe said: 'London 2012 will create compelling stories across the world – from world-class sport, to the effects the Games will have on the city of London and the UK as a whole and beyond.
'There will be over 20,000 accredited media in London who will be telling these stories and the IOC has created a fantastic programme to develop and nurture the talents of young journalists.
'I am delighted to invite a journalist and a photographer from this programme to our Games in 2012.
'The media landscape is evolving rapidly and our young journalists will find outstanding facilities in London, set up for print, broadcast and digital media.
'I look forward to welcoming them to London in two years' time.'
International Olympic Committee President Jacques Rogge said: 'It's great to see an initiative from the Youth Olympic Games bearing fruit. The young reporters help spread our message through traditional and social media, talking to a younger generation on their own terms.
'The lucky winner will not only have a unique experience but will play a part in helping London 2012 reach a truly global audience.'
There will be 29 young reporters on the programme in Singapore representing each of the five continents. Details of the winning candidates will be announced later this year.
– Ends –
For further information please contact the London 2012 Press Office on +44 (0)203 2012 100 or visit the website at www.london2012.com. Find out the latest from London 2012 HQ on our blog http://blog.london2012.com or follow us on Twitter http://www.twitter.com/london2012
Notes to editors:
As it heads towards its £2bn budget for staging the Olympic and Paralympic Games, LOCOG has seven domestic Tier One Partners - adidas, BMW, BP, British Airways, BT, EDF and Lloyds TSB. There are seven domestic Tier Two Supporters – Adecco, ArcelorMittal, Cadbury, Cisco, Deloitte, Thomas Cook and UPS. There are now nineteen domestic Tier Three Suppliers and Providers – Airwave, Atkins, Boston Consulting Group, CBS Outdoor, Crystal CG, Eurostar, Freshfields Bruckhaus Deringer LLP, GSK, Gymnova, Holiday Inn, John Lewis, McCann Worldgroup, Mondo, Next, The Nielsen Company, Populous, Technogym, Ticketmaster and Trident.
There is one domestic Tier One Paralympic Games Partner, Sainsbury’s.
The Worldwide Olympic Partners signed up for London 2012 are Coca-Cola, Acer, Atos Origin, Dow Chemical Company, GE, McDonald’s, Omega, Panasonic, Procter and Gamble, Samsung and Visa.