FC2 sponsors two book contests annually. The Ronald Sukenick American Book Review Innovative Fiction Prize was started in 2006 as a way to find emerging authors whose innovative aesthetic vision harmonizes with that of FC2. According to the contest page, "the prize is open to any U.S. writer in English who has not previously published with Fiction Collective Two." The winner receives publication of her/his manuscript and $1500. The 2012 winner was Luke B. Goebel for "Fourteen Stories, None of Them Are Yours". In 2015, Marc Anthony Richardson's "Year of the Rat" won the prize, and subsequently won the 2017 American Book Award.