From Suno's fall collection. Photo: Imaxtree

The CFDA announced their Fashion Fund nominees yesterday evening; winners will be announced at a dinner in New York City on November 14th. A win marks a huge moment for a designer, granting them a few hundred thousand dollars, a mentor within the industry and the chance to design a capsule collection for J.Crew, the fund’s head sponsor. Diane von Furstenberg leads the judging committee which will, for the first time, include Jack McCullough and Lazaro Hernandez of Proenza Shouler—the first winner’s of the CFDA Fashion Fund Award eight years ago—as well as Jenna Lyons and Reed Krakoff. So who’s up for it? Joseph Altuzarra, Pamela Love, Carlos Campos, Cushnie et Ochs, Fenton/Fallon, Suno, Ohne Titel, Finn Jewelry, Creatures of the Wind and Antonio Azzuolo for A.A.  Each of the finalists will spend the summer whipping up a “special design project” for L’Oreal and in the fall one winner and two runners-up will be named.