This R‐25 application proposes a competing renewal of a multi‐site, interdisciplinary mentoring program in the field of child psychiatric intervention, prevention, and services (CHIPS). The CHIPS program targets post‐doc trainees and entry‐level faculty preparing to write their first NIMH career development or project grant in the area of intervention, prevention or services for child psychiatric disorders. It combines a one‐week summer institute with a minimum of one subsequent year of intensive mentoring and mentor‐guided expansion of the trainee’s professional network. The overarching goals of this program are to: (1) recruit and retain promising early career scientists to child and adolescent mental health intervention, prevention, and services research; (2) increase their success rate and decrease the time to successful acquisition of external funding; and (3) prepare researchers who can conduct research that spans the boundaries of intervention, prevention, and services research and that is strongly informed by advances in translational and developmental science. The one‐week summer institute strongly emphasizes experiential exercises and mentoring. It is focused on helping trainees acquire the full range of skills needed to prepare their next grant application. The CHIPS faculty have a record of successful mentoring and together span the breadth of intervention, prevention, and services research, and thus can promote the development of a broader training perspective to program participants than any single training site. With this competing renewal, responsive to the anticipated Covid‐19 impact on child and adolescent mental health, we have added new mentors with deep expertise in suicide and health disparities.