Ocean Acidification Innovation Act of 2014 - Amends the Federal Ocean Acidification Research and Monitoring Act of 2009 to authorize any federal agency with a representative serving on the Interagency Working Group on Ocean Acidification, either individually or in cooperation with other agencies, to carry out a program to award prizes competitively under the Stevenson-Wydler Technology Innovation Act of 1980 for the purpose of stimulating innovation to advance the nation's ability to understand, research, or monitor ocean acidification or its impacts or to develop management or adaptation options for responding to ocean acidification.
Grants priority to establishing programs that address communities, environments, or industries that are in distress due to the impacts of ocean acidification.