Formula Student competition challenges teams of university undergraduate students to compete with a life-size formula style vehicle in areas of engineering design, overall cost, marketability and dynamic performance. The competition aims to encourage students to gain hands-on practical experience, while applying engineering theories studied in the classroom and simultaneously learn the art of teamwork and management. Over the course of competition, a jury of experts from the motorsport, automotive and supplier industries judge the design, cost and business planning of all the teams to determine the best team and vehicle; in addition the team's on-track performance scores will demonstrate how well they hold up under real-life conditions.

The competition is divided into 2 categories - Static and Dynamics - which account for a total of 1000 points.