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Formula BMW is a junior racing formula for single seater cars. It is positioned at the bottom of the motorsport career ladder alongside the longer established Formula Ford category. Like Formula Ford, it is intended to function as the young kart racing graduate's first experience of car racing. The new formula was created by BMW Motorsport in 2001, with the first of its championships being inaugurated in Germany in 2002.
Formula BMW championships are held in the United States, Asia and Europe. Selected competitors from each series meet in the World Final at the end of each season, with the promise of a Formula One test for the winner. There is also a driver education program and scholarships available for a limited number of drivers.