The initiative, titled SuperMe, features games and videos syndicated across a range of web properties, including Facebook, YouTube, MiniClip, Kongregate and E4.com.
It is designed to help teenagers deal with life's emotional hurdles and positively shape their own future happiness and success.
Wright-Phillips, who has just been at the World Cup with England, has discussed how he dealt with being small as a footballer and the negative attention sometimes directed at him on the pitch.
"Being booed by the fans was a massive blow to me, and I could have let it get to me and tried to do something else - that would have been the easy thing to do," he said.
"But I just put my head down and believed in what I had - the stuff I have that the 'big and tough' people haven't got."
In 1998, Bacon hit the headlines when he was sacked as a presenter from Blue Peter after a tabloid story on his alleged drug taking.
"You can feel completely defeated by something and you might give up," said Bacon, who has over 1.3 million followers on Twitter.
"Or, you can say, 'This has happened, I can't change it but what can I do to repair the damage?' And that's the view I took."
SuperMe will feature games and quizzes for single players and teams, with points awarded for a range of skills, including 'wisdom', 'ability', 'influence' and 'connection'.
Players will get the highest score for learning how to "fail better", or think more accurately about their past experiences.
Channel 4 Education commissioning editor Alice Taylor said: "For most teenagers - and adults too - the so-called 'School Of Hard Knocks' can be a painful education.
"SuperMe is a multiplatform pick-me-up that will reach young people wherever they're online, and offer them inspiration and interactivity to help them get back on their feet after life's little setbacks."