- The competition is open to original unpublished short stories in the English language of 3,000 words or less. The story can be on any subject, in any style by a writer of any nationality, living anywhere in the world.
- The winners will be announced at the International Frank O’Connor Festival of the Short Story in Cork in September. The winners will be invited to read their prize winning stories at the festival.
- First Prize: €1,500 (approx US$2300) and publication in the literary biannual Southword.
- Second Prize: €500 (approx US$790) and publication in Southword.
- Four other shortlisted entries will be selected for publication in Southword and receive a fee of €100 euros (approx US$158).