Formula Student is the project of forming a new generation in engineering fields that gives students all essential practical knowledge and possibility to spend their own educational period much more efficiently. The project brings into play important real life skills that previously seemed to be very hard to practice while studying for their degree.

Student teams have an opportunity to feel all responsibility and seriousness of creating and running their own small design company. The Formula Student project implies all sectors of employment such as management and team building, time and project management, budgeting, engineering design and building, promoting and reaching up the net goal.

The legend of the competition implies that the fictional manufacturing company provides open technical tender of production the racecar of class Formula Student. The annual technical tender holds for identifying the best engineering team and highly competitive prototype single seat racing car for non-professional weekend autocross or sprint racer. The Auto racing is just a final endurance test of the competition.