CFDA/Vogue Fashion Fund Winners Announced

Laura Vassar and Kris Brock - Getty - H 2016
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The prize? Money and mentorship for the soon-to-be-familiar names.

Winners of the CFDA/Vogue Fashion Fund were announced Monday night at a gala dinner in New York City.

First prize went to Brock Collection, designed by Laura Vassar and Kristopher Brock, the Newport Beach, Calif.-based husband-and-wife team whose romantic dresses and skirts have been worn by Jessica Alba and Elizabeth Olsen.

The runners-up were Krewe du Optic, the Gigi Hadid-approved, New Orleans-based eyewear collection designed by Stirling Barrett; and Adam Selman, who made his name as a stylist for Rihanna.

The designers were chosen from a list of 10 finalists who have already dressed the likes of Rihanna, Hadid and Taylor Swift. On Oct. 26, the CFDA and Vogue hosted a fashion show in Los Angeles featuring the finalists' work in the garden at the Chateau Marmont, an event that drew a starry crowd including Katy Perry, Emma Stone and Rosie Huntington-Whiteley.

In addition to mentorship by established designers and industry executives, the winner receives a monetary prize of $400,000 and the two runner-ups take home $150,000 each.

The CFDA/Vogue Fashion Fund was established in 2003 and is known as a springboard for new talent; Rodarte, Alexander Wang, Proenza Schouler, Thom Browne and Joseph Altuzarra are among the designers and brands to have been fund winners.