McQueen will be presented with the Hollywood Breakout Director Award, while Nyong'o is to receive the New Hollywood Award.
The prizes are to be bestowed at the Hollywood Film Awards gala ceremony Oct. 21 at the Beverly Hilton Hotel in Beverly Hills, Calif.
"We look forward to celebrating this exceptionally talented director and actress for their outstanding work and creative vision," Carlos de Abreu, founder and executive producer of the 17th annual Hollywood Film Awards ceremony, said in a statement Monday.
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