Emerging designers Nicholas Daley, Paolina Russo and Priya Ahluwalia will present their designs at Garage Amelot on Jan. 18.
Training and mentorship programs will be provided alongside 32 new studios and workshops.
The winners were announced during an event at the home of Megha Mittal.
The talk was all business, and not Prince Harry’s wedding on Saturday.
Tommy Hilfiger, Mary Katrantzou and Peter Pilotto were sipping cocktails with the Chinese online retailer and the BFC/Vogue Fashion Fund.
The designer will work with the British Fashion Council and fashion students in the U.K. to create a capsule collection for spring 2018.
Eleven London brands will share grants totaling $450,000 pounds.
This is the first year that the prize went to more than one winner.
The platform, which offers e-commerce, will launch brands including Poan, Iva Ksenevich Millinery, JN by JN Llovet, LubiMenya and Naked Bruce.
The dinner at the Peninsula Hotel was hosted by Antonia Romeo.
Prize money will be divided between three winners, rather than one.
Taking his cue from crystal shapes and rock formations, Newson has created a bespoke design for the event.
The BFC said the change is due to “an increasingly big appetite from both brands and public to open up our industry” to a wider audience.
It’s a season of uncertainty — and some would say opportunity — in London.