Following the announcement that it will return to motorsport in 2015 with a bid to compete in the World Endurance Championship and the Le Mans 24 Hours, Brabham Racing has also indicated plans to take its unique 'crowd-funded' project all the way to F1 once more.

An iconic and historic moniker in motorsport, Brabham as a team was founded by late great Jack Brabham, who to this day remains the only driver to win an F1 World Championship title in a car bearing their own name.

Between 1962 and its final F1 season in 1992, the Brabham F1 team underwent various guises but notched up four drivers' titles (Jack Brabham , Denny Hulme 1968, Nelson Piquet 1981 and 1983), two constructors' crowns and 35 grand prix wins, while it was often at the forefront of technological advances during its heyday.

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Since then, the continuation of the Brabham 'dynasty' has been forged by Jack's son David, who has enjoyed considerable success as a sportscar driver over the years, peaking in 2009 when he won the Le Mans 24 Hours with Peugeot.

Having now acquired the rights to the Brabham Racing name once more, he has launched the new 'Brabham Project', which will see the team return to racing in the WEC and Le Mans next year, albeit via a unique crowd-funding format which allows donors to receive privileges and special access depending on how much is pledged.

Indeed, crowd-funding has become a successful way for burgeoning entrepreneurs to get their projects off the ground in recent years, with inventions and even films being made possible as a result. Brabham hopes this format will also work here and could perhaps spur the name to return to F1 in the future.

"There hasn't been a Brabham team for over twenty years, but now the famous name is ready to embark on its next journey. Brabham Racing will initially compete in the 2015 FIA World Endurance Championship, which includes the prestigious Le Mans 24 Hours.

"The ultimate dream is to bring this same model to Formula 1 and potentially other exciting new series such as the FIA Formula E Championship."

As it stands, the team requires ?250,000 by 1st November to complete the first phase of the project. It has already raised more than ?30,000 as of writing after just over 12 hours going live.

For more information on how to get involved and how to pledge a donation, head to https://www.indiegogo.com/projects/project-brabham