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Formula SAE Workshop Sponsorship Form Saturday, February 18, 2017Lawrence Technological University 21000 West Ten Mile Road Southfield, MI 48075Sponsorship forms due Wednesday, February 1, 2017SPONSORSHIP
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01
Research potential sponsors for Formula SAE by looking at previous sponsors of the event, reaching out to local businesses, and exploring professional networks.
02
Prepare a sponsorship proposal that includes information about the Formula SAE event, its objectives, and the benefits sponsors can expect to receive.
03
Target specific companies or organizations that align with the values and goals of Formula SAE, such as automotive manufacturers, engineering firms, and automotive component suppliers.
04
Approach potential sponsors through email, phone calls, or in-person meetings to discuss the sponsorship opportunity and answer any questions they may have.
05
Follow up with sponsors after initial contact to maintain communication and provide any additional information they may require.
06
Negotiate sponsorship packages and terms, including the financial contribution, brand visibility, and any additional perks or benefits the sponsor may request.
07
Secure sponsors by signing formal sponsorship agreements and collecting the necessary payments or in-kind contributions.
08
Fulfill sponsor obligations by displaying sponsor logos, promoting sponsors during the Formula SAE event, and acknowledging their support through various channels such as websites, social media, and event materials.
09
Maintain ongoing relationships with sponsors by providing regular updates, recognizing their contributions, and seeking feedback for future improvements.
10
Evaluate the success and impact of each sponsor's involvement with Formula SAE and use that information to improve future sponsorship efforts.

Who needs formula sae - sponsors?

01
Potential sponsors for Formula SAE can include automotive manufacturers, engineering firms, automotive component suppliers, and other companies or organizations that have an interest in supporting automotive engineering and technology.
02
These sponsors benefit from their association with Formula SAE by gaining brand visibility, access to talented engineering students, networking opportunities within the automotive industry, and the ability to showcase their products or services to a targeted audience of future automotive professionals.
03
Overall, any company or organization looking to promote their brand, support engineering education, or connect with the next generation of automotive engineers would find value in becoming a formula sae sponsor.
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Formula SAE is a student engineering competition organized by SAE International, where teams build and race small formula-style cars. Sponsors play a crucial role in supporting the teams financially and providing resources.
All teams participating in the Formula SAE competition need to file sponsor information to ensure proper acknowledgment and compliance with competition rules.
Teams must provide detailed information about their sponsors, including financial contributions, resources provided, and any specific partnerships or agreements established.
The purpose of filing sponsor information is to maintain transparency regarding financial support and to recognize the contributions of sponsors to the competition.
Teams must report sponsor names, contribution amounts, types of support (financial, material, or in-kind), and any contractual agreements.
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