Victor VIRGILEGetty Images For the last eight years, the LVMH Prize for Young Fashion Designers has been in the business of championing new talent. Attracting more than 1,900 candidates from all around the world, the 2021 LVMH event will showcase 20 emerging designers from countries that include not only the United States and the United Kingdom, but the markets of Nigeria, Japan, China, South Korea, France, Italy, Lebanon, South Africa, and, for the first time since its conception, Albania and Colombia as well. The first-place winner will receive a €300,000 (about $360,000) endowment and a one-year bespoke mentorship with the LVMH team. "This [event] will be entirely digital, and we wanted to open it up to the greatest number of people," Executive Vice President and Director of LVMH Delphine Arnault explained in a press release. Each of the semifinalists was chosen for their commitment to what she called a "responsible stance in their creative vision" and the use of initiatives to push the fashion industry forward. "Among the semi-finalists, seven do womenswear, five menswear, and two do both womenswear and menswear. Six of them design genderless collections," Arnault divulged. "This edition also saw the return of knitwear, body-conscious garments and the celebration of color among certain designers."