In PROJECT RUNWAY, more than a dozen designers -- ranging from instructors at fashion schools to small-time designers with their own businesses to very young recent grads -- compete in weekly design challenges. The finalists then create their own lines to present at New Yorks Fashion Week. The winner gets money, a magazine fashion spread, and other prizes. Hostess/executive producer Heidi Klum meets with the designers when their challenges are announced and on the runway when their pieces are judged by famous designers, magazine fashion editors, and other celebrity guests. Tim Gunn, head of the Parsons School for Design, is the liaison to the designers and guides them through their challenges.