 Details about the selection process for this prize are still to be revealed.The Polaris Music Prize is modeled after the United Kingdom/Ireland's Mercury Prize and in turn, inspired the Atlantis Music Prize/Borealis Music Prize for Newfoundland and Labrador.The 2018 Polaris sponsors include the CBC, the Government of Canada, FACTOR, Ontario Media Development Corporation, Slaight Communications, Radio Starmaker Fund, SiriusXM, Stingray Music/Galaxie, The Carlu, Shure Canada, Toronto radio station Indie88, SOCAN, and Re-Sound20.