The CFDA/Vogue Fashion Fund finalists have been announced.

The prestigious annual competition, a joint venture from the Council of Fashion Designers of America (CFDA) and Vogue, will once again welcome 10 emerging fashion creatives to its final, where they will compete for the chance to win $400,000 and a mentorship to help develop their business.

The 2018 finalists have been named as Batsheva Hay of Batsheva, Emily Adams Bode of Bode, Christian Cowan, Danielle Corona of Hunting Season, Jonathan Cohen and Sarah Leff of Jonathan Cohen, Raul Lopez of Luar, Matthew Adams Dolan, Kerby Jean-Raymond of Pyer Moss, Rebecca de Ravenel, and Scosha Woolridge of Scosha, according to a post on the CFDA website.

"For the past 15 years, the CFDA/Vogue Fashion Fund has transformed American fashion by creating a path for emerging designers to find success in the business of fashion," said CFDA president and CEO Steven Kolb. "The program has had global impact and inspired other fashion capitals to put a focus on emerging talent."

The finalists will now be paid a visit by the award's ‘Fashion Fund Selection Committee,' a panel of industry experts, who will assess their work, before a winner is announced at a ceremony in New York on November 5. In addition to the main prize, two runners up will also receive $150,000.

Previous winners of the Fund include major fashion labels such as Proenza Schouler, Alexander Wang, Altuzarra and Rodarte, among others.