The Old Vic Tunnels, a labyrinthine space underneath Waterloo Station, are looking for seven young artists to produce a programme of new music, dance, fashion, theatre, film, photography and comedy next February.
The two-week 'Coming Up' festival will offer talented artists aged between 18 and 30 the opportunity to develop their ideas and produce a professional programme of work in February 2011.
"The Old Vic Tunnels have been a massive success story for The Old Vic this year, and it's wonderful that we are now able to give over this space to the cream of London's emerging artists," says artistic director Kevin Spacey.
"As a young artist, I would have jumped at the chance to get involved with this sort of project as building relationships with your peers is vital to growing your career."
Peter De Haan, chief executive of IdeasTap, added: "Funding and opportunities for emerging creative artists are at the heart of IdeasTap.
"Coming Up is IdeasTap's biggest and most ambitious project yet. It's a unique opportunity because this time young talent are joining the board of creative directors."
"As always we'll be putting our money where our mouth is to provide all the resources and creative and logistical support needed, but the exciting thing about this project is that it's up to the young creative directors to make this project a success."
To apply or for more information go to www.ideastap.com – the closing date is 22 October.
• This month The Old Vic Tunnels are hosting Hell's Half Acre, an exhibition curated by the Lazarides Gallery.