AKMED awards scholarships to promising undergraduate students with financial needs studying in the departments of history, archaeology, art history, ancient languages and cultures, architectural history, and restoration-conservation in Turkish universities. The scholarships are given for ten months during a year and may be renewed according to the success level of the students until their graduation. The amount of bursary is determined each year by the Executive Board.
Due to limited amount of funding available, only 5 students will be awarded. The call for application is announced in March. The deadline for application is 15 May, and the results are announced in June.