The program will offer driver and engineering training, sports psychology, plus business mentoring, and financial literacy.
Successful junior team inductees will receive a contribution to their racing budgets, in an effort to fast-track their careers to the Repco Supercars Championship.
The Grove Group has supported both McLaughlin and Anton De Pasquale as personal sponsors over the years, as well as fielding cars in Super2, Carrera Cup and various GT competitions and events.
The Grove Group have sponsored McLaughlin since 2014
"One thing that's awesome about the Grove family is the way that they've been able to come into the series and be a part of it and the fact that they're so passionate," McLaughlin said of the junior programme.
"They're so passionate not only about Supercars, but for motorsport itself, and I guess they're showing that passion by helping young people come through.
"They came on onto the scene with me and supported me when no one really knew who I was and they've been with me ever since, to this day I'm still supported by the Groves.
"It's a really healthy thing to see them in Supercars.
"I think it's great for Supercars, and I think it's great for young talent, and this opportunity and the young driver program they have started has been a long time coming for Australia and New Zealand.
"I think it's a great thing for the sport and for aspiring race drivers Down Under."
McLaughlin also said he was keen to help develop the next generation through his relationship with the Grove family.