The Frank O'Connor International Short Story Award—named in honour of Frank O'Connor, who devoted much of his work to the form—is an international literary award presented for the best short story collection. At €25,000 (as of 2012[update]) it is considered the world's richest prize for a short story collection. Each year, roughly sixty books are longlisted, with either four or six books shortlisted, the ultimate decision made by three judges.
In 2000, the Cork, Ireland Munster Literature Centre organised the first Frank O'Connor International Short Story Festival, an event dedicated to the celebration of the short story and named for Frank O'Connor, the famous Cork writer. The festival showcases readings, literary forums and workshops. Following continued growth and additional funding, the Cork City – Frank O'Connor International Short Story Award was introduced in 2005, coinciding with Cork's designation as that year's European Capital of Culture.