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Anna Wintour, the legendary editor of Vogue magazine, oversees a competition in which 10 designers get a chance to work alongside industry luminaries to prove they have what it takes to be named Fashion Fund Designer of the Year – an award that comes with $300,000 and a one-year mentorship with some of the biggest names in fashion.

The finalists pitch their designs and ideas in front of a panel of superstar judges including Anna Wintour and Diane von Furstenberg.

The finalists work with Intel to create futuristic fashion pieces that interface with phones and the internet. Hip-hop artist Desiigner drops by and spits some verses for Anna Wintour and the panel.

The contestants are challenged with creating eye-catching Instagram posts that harken back to their favorite films.

The contestants show off their works at the ultimate fashion show. Katy Perry, Emma Stone, St. Vincent, Kristen Stewart and more attend the chic event, and witness the best the finalists have to offer.

After much deliberation, a winner is crowned.