Five teams have been confirmed for the new Formula 1 all-women Academy Series, the series announced.
Five veteran outfits in junior categories have confirmed their entries for next year with ART Grand Prix, Campos Racing, Carlin, MP Motorsport and PREMA Racing fielding three cars each to form the 15-car grid, the series said.
F1 Academy will focus on young women drivers emerging in the junior ranks and aiding them in progressing to the higher levels of single seater racing such as W Series, F3, F2 and F1.
The series will subsidize the costs of each car with an approximately $160,000 contribution that each driver will match, while the teams cover the rest of the budget, and aims to position itself as a more affordable option versus comparable series.
“It is exciting to be able to announce the five teams that will be racing in the F1 Academy for next year and who will be providing this fantastic opportunity to the young and talented women to begin their journey into competitive motorsport,” said Stefano Domenicali, president and CEO of Formula 1. “We believe it is important that everyone has the chance to follow their ambitions and get the support and guidance needed to progress and excel. The F1 Academy is an important part of our plan to increase diversity and representation in motorsport and we are looking forward to the first season in 2023 and stay tuned for more news in this area.”