This years LVMH’s annual Prize for Young Fashion Designers is all about young, indie designers who have been now offered a unique opportunity to win international acclaim, money and mentorship. The annual prize event did not get disrupted by the pandemic, switching to a digital forum in place of the usual Parisian showroom.

The applications are open to any designer from anywhere in the world under the age of 40 who has produced at least womenswear, menswear or genderless collections. Judges will select a group of designers to head to the semi-final event. Ultimately, the winning designer will be crowned and awarded with €300,000 (approximately $365,000).

The winner will additionally receive mentorship from LVMH teams in a variety of fields that include sustainable development, marketing, management, copyright and more. The Karl Lagerfeld or Special Jury Prize will be awarded to a runner-up, who will receive €150,000 ($182,000) and a one-year mentorship. Finally, 2021’s LVMH Prize will continue the tradition of distinguishing fashion school students by inviting three 2020 or 2021 grads to join the design studio of an LVMH brand for a year.

To sign up and see the rules, visit LVMH Prize’s website. Applications close on February 28.