FORPARK AUSTRALIA will support the 2011 Formula 3 Scholarship. 

The Forpark Australian F3 Scholarship (referenced herby as 'The Scholarship') will encompass young drivers (under the age of 23) racing in the National Class, for Formula 3 Vehicles built between 1999 and 2004.

Eligible drivers will compete in the full 2011 National Class championship as a 'contracted driver' and as such will be required to fulfil the relevant terms and conditions that accompany that status, i.e. the driver must compete in all rounds of the championship to be eligible.

At the commencement of the 2011 season a selection panel will be formed, comprised of the following:

- V8 Supercar Team Owners / Managers
- Formula 3 Management officials
- Formula 3 Championship ambassadors
- Media representatives
- Forpark Australia representatives

This selection panel will then select one driver to be the worthy recipient of the Scholarship award, a fund of AUD$50,000 to go towards a championship class drive in the 2012 Formula 3 Australian Drivers Championship.

As such, The Scholarship winner may not be the driver that wins the class - it will be the driver deemed most suitable and likely to be successful in an outright car that fulfils the criteria laid out by the selection panel.

This will ensure each driver competing in the National Class has an equal chance to win the Forpark Scholarship.

Drivers will be judged on the following criteria (Full criteria to be published and made available prior to 2011 season commencement)

- Speed and performance
- Technical Feedback
- Fitness
- Media performance & Skills
- Attitude
- likelihood to succeed in a professional career
- Marketability

Australian Formula 3 partner Race Torque Media will provide media and presentation training to all competing for the Forpark Scholarship, including interview training and tips on how the young drivers can present themselves. 

The 2011 program is designed to offer participating drivers the complete package to best give them the tools required to succeed in a higher level regardless of winning the Scholarship or not.

The Forpark Scholarship within the F3 National Class offers young drivers the most cost effective way of completing a full season of F3 racing almost anywhere in the world, and offers the best platform for development of driving skills and those also required outside the cockpit.

The $50,000 award at the conclusion of the 2011 season is only one part of a multi layered platform that is set to establish itself as a key component of Australia’s motorsport landscape in the future.