  The Young Exoplanet Transit Initiative (YETI) is a project focused on the
photometric monitoring of stellar open clusters in order to find new young
transiting exoplanets, eclipsing binaries and study other variability
phenomena. Here, we present the status of the initiative and plans for future
photometric campaigns of three open clusters younger than 50 Myr: NGC 869, NGC
884 and IC 4665, by using the world-wide one meter-class telescope network.
Based on the experience gained by several astronomical observatories included
in this network, dedicated numerical algorithms and recent results obtained
during the first observing campaigns, we expect to confirm several young
transiting objects: low-mass stars, brown dwarfs and exoplanets. The
photometric precision given for a typical telescope used in this project,
allows for transit detection of Jupiter-size planets at close-in orbits with
periods up to ~30 days and also hundreds of new various variable stars.
