Make no mistake, these are names to watch. The Fashion Fund, which gives $300,000 to the winner and $100,000 each to runners up, is the equivalent of a Fulbright for up-and-coming designers, and a great indication of the future's brightest stars. Last year the prize went to Joseph Altuzarra, followed by Pamela Love and the designers behind Creatures of the Wind — all brands that have seen major growth in cred since then. Congrats to the winners — we can't wait to see what's up ahead! (WWD)
Tabitha Simmons Velvet Boot, $1,512.69, available at Colette .