TEN promising student athletes will benefit from the Sports Aid Foundation Fund's newly created grant for potential and junior sportsmen and women, with each of them receiving an annual subsidy of $20,000. Eight other students recognised as ''elite athletes'' will be getting $80,000 over the next 12 months to spend on expenses associated with their training and competition programme. The aim of the fund is to provide direct financial assistance to Hongkong's outstanding athletes with demonstrated potential to achieve or maintain success at international level. In previous years only the elite athletes who have attained high world or Asian rankings have been recognised and received financial assistant to continue their pursuit of sporting excellence. But Victor Hui Chun-fui, chairman of the fund, said: ''As an encouragement to young athletes who have achieved significant results in the top tier of recognised world junior events, we have created a new award category for them. ''This will replace the funding for small teams which we have in the past, and we hope it will help in the development of budding junior sportsmen and women.'' Three swimmers - Robyn Lamsam, Arthur Li Kai-yien and Duncan Todd - head the list of young elite athletes and all three have recently agreed to stop schooling for one year to prepare for next year's Asian Games. The trio were all Hongkong representatives at last year's Olympic Games in Barcelona and Robyn and Arthur will be leading the territory's challenge at the inaugural East Asian Games in Shanghai next month. Junior tennis players Sven Koehler and Willy Chan Lee will also be getting $80,000 grants while the other three athletes receiving similar payment are Law Lai-wah (judo), Scott Rowe (golf) and Lui Kam-chi (rowing). Sven is a member of Hongkong's Davis Cup team at 18 years of age while Willy is already a recognised professional player in Asia at the tender age of only 16. Taiwan-based student judoka Lai-wah and college rower Kam-chi have won bronze medals at Asian tournaments while Scott is the territory's most outstanding amateur golfer. Scott overshadowed legendary American Tom Watson when they played in the same group at the Hongkong Open earlier this year. He was also highly praised by world renowned Spanish professional Severiano Ballesteros. Beneficiaries of the newly created grant for potential and junior athletes come from six sports - athletics, fencing, gymnastics, rowing, squash and triathlon. Sprinter Neville Ku Wai-ming, who lined up against star American runner Carl Lewis in the heats at the Barcelona Olympics, is one of the successful applicants. Another runner to receive the grant is woman middle distance star Chan Man-yee. Leanne Lee Ling-woon, the under-16 women's epee Asian champion, is the only fencer granted the subsidy. Other juniors whose past achievements were recognised include gymnasts Wong Kim-fai and Wut Fung-yin, rower Cheung Wing-chung, squash players Jackie Lee Chun-kit and Rebecca Chiu Wing-yin and triathletes Bobo Lee Wing-yee and Brian Bozarth. The grants will be paid to the athletes through their appropriate national sports associations in three instalments with the second and third payment made subject to satisfactory report from their respective coaching supervisors.