The LVMH Prize, given to a designer under the age of 41 who has sold at least two ready-to-wear collections, includes a cash grant of 300,000 euro, or about $319,000 at current exchange. In addition to the monetary aid, the winner will receive a 12-month mentorship by an LVMH team on business development subjects such as marketing, intellectual property and production. The 21 candidates were shortlisted by LVMH’s selection committee, under the supervision of Delphine Arnault, vice president of Louis Vuitton. The list includes 10 menswear designers, nine women’s wear designers and two who design for both men and women. Now that they’ve been selected, the candidates must meet LVMH’s 45 international fashion experts, who will then narrow it down to eight finalists between March 2-3 in Paris. International fashion experts include a mix of editors, photographers, models, makeup artists, creative directors, athletes and stylists. Notable names include Suzy Menkes, Pat McGrath, Kendall Jenner, Linda Fargo and Juergen Teller. A jury will announce the LVMH Prize winner June 16 at a Fondation Louis Vuitton ceremony. The jury consists of J.W. Anderson, Maria Grazia Chiuri, Nicolas Ghesquière, Marc Jacobs, Karl Lagerfeld, Humberto Leon and Carol Lim, Phoebe Philo, Riccardo Tisci, Ms. Arnault, Jean-Paul Claverie and Pierre-Yves Roussel. Read more at Luxury Daily.