Monday evening the winner of the 2016 CFDA/Vogue Fashion Fund was announced at a star studded ceremony in New York City hosted by Anna Wintour and Diane Von Furstenberg. Lifetime achievement honoree Michael Kors alongside Zendaya presented winners Laura Vassar and Kristopher Brock of the Brock Collection with the grande prize with Stirling Barrett of Krewe eyewear and Adam Selman as runners up. The winner takes home $400,000 and a year of mentorship from top industry players while the runners up both get $150,000. In what is easily the most grueling process in any young designers life, all 10 finalists faced a series of challenges spanning several months before going in front a panel of judges that include industry heavyweights, Neiman Marcus' Ken Downing and CFDA Chief Executive, Steven Kolb. Other finalists include: Laurence Chandler and Joshua Kyle of Rochambeau, Chris Stamp of STAMPD, Chloé Gosselin, Ji Oh, Morgan Curtis of Morgan Lane, Maryam and Marjan Malakpour of Newbark, and Beckett Fogg and Piotrek Panszcyk of Area. Vassar and Brock join the ranks of past winners and some of today's most celebrated designers including Alexander Wang, Proenza Schouler, Rodarté, Public School and Altuzarra.