Formula JDP (Junior Driver Program).
Sponsor: F1, F1 Teams, Netflix?
Intent: Create a series using a modified F1 car from a few years ago contracted by a single F1 team. This would include the addition of the Halo and the F1 crash testing requirements for the chassis. Drivers are provided by the F1 team's Junior Driver Programs. Engines should be greatly simplified, but powerful and inexpensive.
The rules would be pretty simple. The teams are allowed to provide data to the driver upon request, and the changes to the setup of the car can only be ordered by the driver, with quick-adjust hydraulic suspension settings, camber, toe, and castor being the only tools available for platform control. Then they have the front/rear wing settings to trim the package. This would focus the entire series on developing the drivers and their understanding of how best to extract performance from their cars. The team can debrief the driver all that they would like between races and test them again at the next event.
Who is this REALLY for? The young drivers, the Fans, and F1. There is FAR too much emerging talent standing in the pits on Sunday. After F2, there is a huge gap to the performance of F1. This would give the driver's a mid-point where they can gain experience for themselves and generate more entertainment for the fans.
My dream car combination:
MP4-23 with DRS, halo, and fully decoupled, simplified hydraulic suspension.
Cosworth built Chevrolet 3.7L L5 (stock bottom end) with centrifugal supercharger (2BARmax). E85+
Spec 3rd party gearbox 6speed sequential (F1 team or Box manufacturer).
2021 Pirelli 13" tyres. Carbon/Ceramic brakes.
I estimate it would cost about 50M to set up, but WOW would it be fun!
PS: This isn't for a championship that challenges F2. This is more of a TV show like the Drive to Survive. This would be Drive to Develop. It probably wouldn't even include a race, as qualifying-style hot-lapping would be better for the adjustments without practice phase.