Each of the acts receives a £500 contribution towards the cost of their debut Edinburgh shows.
Harouni, who is originally from New York, won the Laughing Horse New Act Of The Year competition last year and is part of sketch trio Muriel. She will perform a show at this year's Fringe about reconciling difference and standing up for your beliefs, titled Stand Up With Janine Harouni (Please Remain Seated).
Bauer has previously made the finals of the BBC New Comedy Award last year and was also part of the Pleasance Comedy Reserve at the 2018 Edinburgh Fringe. Her Edinburgh show this year will be titled Little Miss Baby Angel Face and tackles the perils of overthinking and being a magnet for drama.
Last year's winners Sarah Keyworth and Catherine Bohart hosted and headlined the respectively. After receiving the bursary Sarah was nominated Best Newcomer at the prestigious Edinburgh Comedy Awards and appeared on Comedy Central's Roast Battle and ITV2's Stand Up Sketch Show while Catherine went on to appear on 8 Out of 10 Cats, Roast Battle, Stand Up Sketch Show and The Mash Report.
This is the third year that the 99 Club has run their bursary scheme.
The panel of judges this time included Hollie Ebdon (Ebdon Management), Steve Bennett (Chortle), Hannah Martin (PBJ Management), Bruce Dessau (Evening Standard), James Woroniecki (Creative Director of The 99 Club) and comedian Desiree Burch.