Since the CFDA (Council of Fashion Designers of America) and Vogue launched the CFDA/Vogue Fashion Fund 12 years ago it鈥檚 been a major game changer for emerging talent in the industry. Ever year the two driving forces in fashion pick one winning designer who is granted a significant chunk of change to get their line up and running. Except this year, they didn鈥檛 pick just one, they picked three: footwear designer Aurora James, womenswear designer Jonathan Simkhai and streetwear designer Rio Uribe. Keep those names on your radar. If past winners are any indication of the fund鈥檚 success they鈥檙e about to be launched into the big leagues.

Just like the Academy Awards summons an A-list crowd, some of the biggest names and tastemakers in fashion industry show up to this event to watch history in the making. Last night attendees included fashion designer Zac Posen, professional ballerina Misty Copeland and of course, the iconic Jenna Lyons of J.Crew. Scroll on down to see what all the celebs wore to fashion鈥檚 biggest night of the season.

12th Annual CFDA/Vogue Fashion Fund Awards - Arrivals

1. Misty Copeland: The all-star ballerina knows how to work it on and off the stage. Misty looked stunning in this paisley ZIMMERMANN dress with cut-outs in all the right places.

NEW YORK, NY - NOVEMBER 02: Musician Lorde attends the 12th annual CFDA/Vogue Fashion Fund Awards at Spring Studios on November 2, 2015 in New York City. (Photo by Andrew Toth/Getty Images)

2. Lorde: Never one to shy away from a bold fashion choice, Lorde embraced the budding dress + pants trend. We鈥檙e getting some serious Olsen twin vibes from this one.

NEW YORK, NY - NOVEMBER 02: Model Constance Jablonski attends the 12th annual CFDA/Vogue Fashion Fund Awards at Spring Studios on November 2, 2015 in New York City. (Photo by Andrew Toth/Getty Images)

3. Constance Jablonski: Making a serious case for the panel dress, supermodel Constance Jablonski looked totally gorgeous in this suede, coral number.

NEW YORK, NY - NOVEMBER 02: Zendaya attends the 12th annual CFDA/Vogue Fashion Fund Awards at Spring Studios on November 2, 2015 in New York City. (Photo by Andrew Toth/Getty Images)

4. Zendaya: It looks like Zendaya may have borrowed some pieces from her grandma鈥檚 wardrobe for last night鈥檚 event, but that鈥檚 not necessarily a bad thing. We鈥檙e guessing the actress鈥 super strong 鈥70s vibes are something of a preview of the throwback looks we鈥檒l be seeing this season and next.

NEW YORK, NY - NOVEMBER 02: Model Karlie Kloss attends the 12th annual CFDA/Vogue Fashion Fund Awards at Spring Studios on November 2, 2015 in New York City. (Photo by Andrew Toth/Getty Images)

5. Karlie Kloss: Always the classic beauty, Karlie Kloss kept it simple in this aqua and black striped number.

attends the 12th annual CFDA/Vogue Fashion Fund Awards at Spring Studios on November 2, 2015 in New York City.

6. Samira Wiley: Orange Is the New Black actress Samira Wiley looks like a totally different person outside the walls of Litchfield Penitentiary. Since her debut, Wiley has kind of been killing it on the red carpet. She鈥檚 definitely on her way to becoming one of our favorite style stars.

NEW YORK, NY - NOVEMBER 02: Designer Zac Posen (L) and actress Demi Moore attend the 12th annual CFDA/Vogue Fashion Fund Awards at Spring Studios on November 2, 2015 in New York City. (Photo by Andrew Toth/Getty Images)

7. Zac Posen + Demi Moore: Keeping it sweet and simple, Demi rocked a black midi while her date, fashion designer Zac Posen rocked a camel tux and a knitted tie.

NEW YORK, NY - NOVEMBER 02: Jenna Lyons of J.Crew attends the 12th annual CFDA/Vogue Fashion Fund Awards at Spring Studios on November 2, 2015 in New York City. (Photo by Andrew Toth/Getty Images)

8. Jenna Lyons: In classic Jenna Lyons style, the creative director of J.Crew showed up rocking her classic pantsuit combo with chic, bold accessories.

12th Annual CFDA/Vogue Fashion Fund Awards - Arrivals

9. Imaan Hammam: The high fashion model鈥檚 striped maxi with a sky-high slit and turtleneck is just the right combination of sexy and classy.

12th Annual CFDA/Vogue Fashion Fund Awards - Inside

10. Anna Wintour: She skipped the red carpet, but you can bet the Vogue鈥榮 main dame was in attendance at last night鈥檚 event. The Magazine鈥檚 editor-in-chief stuck to her chic style in a silk dress and rich burgundy coat.

What was your favorite look from last night? Share with us in the comments below.

(Photos via Andrew Toth/Getty)