CFDA/Vogue fashion fund nominees revealed

(Courtesy of Swarovski)

Michelle Obama favorite Prabal Gurung has been named as one of the ten young fashion designers in the running for the prestigious CFDA prize that will be awarded in November.

The list of nominees also includes the newcomers Joseph Altuzarra, Billy Reid, Christian Cota, Eddie Borgo (who just released a new lookbook starring Elle's senior style editor, Kate Lanphear), Gregory Parkinson,
Oliver Helden and Paul Marlow for Loden Dager, Moss Lipow, Pamela Love, and Robert Geller.

One winner and two runner-ups will receive $200,000 and $50,000 respectively as well as professional industry mentoring after collections have been reviewed and candidates interviewed over the coming weeks. As part of the judging process, each of the designers will also create a one-of-a-kind outfit for a special initiative by designer Ann Taylor, the results of which will be unveiled in October.

The Council of Fashion Designers of America knows how to keep in touch with the younger generation: it was just announced that its massive Fashion's Night Out in New York in September will be featured on the TV drama series, Gossip Girl.