The joint winners are Grace Foley, a singer and musician and Darragh Guerin, an actor.
Ms Foley intends to develop her career as a singer and plans to launch a CD called Home to Kerry, a classical crossover album of beautiful songs about Kerry.
Mr Guerin hopes to attend a full time year-long acting for screen course in Dublin later this year.
The Eamon Kelly bursary is funded by Kerry County Council and aims to support arts development in the Killarney Municipal District.
The bursary has been in existence for over 10 years and continues to support arts development, encouraging high standards of arts practice in music, song, dance, film, drama and visual arts.