These 10 up-and-coming designers will go on to compete for a big cash prize and mentorship from industry experts.

Bright reds, oranges and yellows ruled the night.

Plus, the program's Selection Committee welcomed four new, big-name judges.

After landing a spot among the 2015 CFDA/Vogue Fashion Fund finalists — and getting big in Japan — the New York-based designer is branching out into womenswear that evokes his beachy, laid-back spirit.

This year's winner will receive $400,000 to invest in his or her label, with two runners-up receiving $150,000.