The first edition of the IWP in 1954 crowned none other than Yves Saint Laurent and Karl Lagerfeld. Fast forward to today, when designers from around the world compete for a prize fund of 200,000 Australian dollars and a prestigious mentoring program. The collections must be made from 100% wool and respect the principles of sustainable fashion. The Grand Prix this year was awarded to Nigerian designer Adeju Thomson, who was inspired by the idea of "decolonising design".