For those who may not be familiar with the program, the Fund is a high-stakes search for America's next big ready-to-wear designer. Think of it as not a race, nor its own sport, but a type of ready-to-wear tournament that has the power to influence the industry in a big way. It's responsible for launching names like Proenza Schouler , Alexander Wang, and more. And, since its inception, it has granted over £4.5 million to over 35 companies. Throughout the next few months, the 10 finalists will compete for a grand prize of £300,000 and a yearlong mentorship by CFDA designers and executives. Last year's winner was gender neutral, rule-breaking New York brand Telfar