Young islanders can now apply for one of five £1,000 grants from Condor.
The next generation of sports stars can use the money for travel costs when attending events outside the island.
Athletes, nominated by their representative clubs or associations, must be aged between 13 and 23, in full-time education, and competing or training within a regional or national pathway in their sport.
They must also prove that there is a frequent need for ferry travel between the islands or the UK for their sporting performance and development.
Part of the criteria also says that an athlete should explain why they should be selected for the bursary, whether there is financial hardship, a lack of support or the cost of moving equipment.
Broad Street turns a new leaf
Ministers unsupportive of legislation to protect cash-use
Woman, 44, guilty of inappropriately touching a teen at Portelet
Investigation underway into source of dairy contaminant
Gorey Pier gets the go ahead for landing stage removal
'Living' exhibition asks Jersey mums for motherhood experiences
Solar panels to be installed on some public buildings
