In 2000, the 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 one of Cork’s most beloved authors. 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. The award is now recognised as the single biggest prize for a short story collection in the world and is presented at the end of the festival.
In 2002, the Munster Literature Centre introduced the Seán Ó Faoláin Short Story Prize, an annual short story competition dedicated to one of Ireland’s most accomplished story writers and theorists. This too is presented during the short story festival. The centre also hosts the Cork Spring Poetry Festival each year.