Database Trivia According to Indiana University's Office of Communications and Marketing, the Little 500 bicycle race began in 1951 as a fundraiser for scholarship money for working students. The race was created by the late Howard S. "Howdy" Wilcox, who patterned it after the Indianapolis 500, which his father had won in 1919. He was inspired by a bicycle race he saw involving students racing around a dormitory, with several women leaning out of windows and cheering them on. more