Emma Mulholland, macgraw and Pageant are set to battle it out for a $40,000 prize package.
The three designer brands are finalists for the 2015 BT Emerging Fashion Designer Award.
With the first prize valued at $40,000, the winner will be announced at the BT Runway for Success event on March 25.
This marks the third year of the award with previous recipients including Michael Lo Sordo (2014) and Christopher Esber (2013).
The Award provides the winning designer with a $10,000 cash grant and one year of financial planning services provided by BT Financial Group.
It also includes two return flights to Los Angeles courtesy of Virgin Australia to further their fashion ambitions.
This is rounded off with backstage hair services for one major fashion event by TONI&GUY; and two mentoring sessions with two fashion industry icons provided by the Australian Fashion Chamber.
The judges for this year’s award include a host of industry experts including Vogue Australia chief Edwina McCann; The Australian fashion editor Glynis Traill-Nash; Zimmermann founder Nicky Zimmermann; Shine By Three Blogger Margaret Zhang; Westpac Private Bank Relationship Director Kellie Robertson; and Speciality Fashion Group and Fitted for Work Director Megan Quinn.