Well, it's a big deal. It makes the author stand out among the crowd of new writers. It can open doors to international readership as well. Agents might be more eager to represent the author. And it gives the author more credibility. Readers tend to trust award - winning works more, so it can lead to a long - term growth in the author's fan base and overall career success.
Winning this award often means increased visibility in the literary world. Publishers may be more interested in working with the author for future projects. It can also lead to more invitations to literary events and conferences, which in turn helps the author network with other writers and industry professionals. For example, an author might be able to get better book deals and more marketing support for their subsequent works. It's like a stamp of approval that their debut work was something special and worthy of recognition.
It can give a huge boost. It brings more attention to the author's work, like more readers might pick up their books.