Lord Sugar, 65, will receive a T3 "Outstanding Contribution Award" for his extensive involvement in the technology industry.
The T3 awards ceremony, known as the Oscars of the gadget world, will take place at the Old Billingsgate in London next Monday.
The Apprentice star and former Tottenham Hotspur owner, who grew up in a Hackney council flat and is now worth £770m, said: “The one thing that has kept me motivated is that I am a real tech geek at heart.
"Since I was a child, I've always wanted to crack something open, get my hands in there and understand how it works, be it a stereo, computer processor or a set top box. I'd like to thank T3 and the award judges for recognising the contribution I have made to the industry.”