
The teams from the selected universities are challenged to create a vehicle that can accommodate at least two passengers and is simple, durable and lightweight. More importantly, the modern Model T must have a range of at least 200 km / 125 miles and come equipped with a base target price of only $7,000. Each of the participating universities received $75,000 in funding from Ford in order to help the creation of a vehicle concept through sketches, models, research papers and potentially, even working models.