The IISL Young Scholars Fund was created in 2011 to support the achievements of students participating in each of the five Regional Rounds of the Manfred Lachs Space Law Moot Court Competition. The Fund grants monetary awards in the following categories:
- Winning Team: 200 Euros
- Team with the Best Memorials: 125 Euros
- Best Oralist of the Regional Round: 100 Euros
The Young Scholars Fund has been formed and is largely maintained by donations from IISL members, to honor the very significant achievement of these students.