diff --git a/cmake/onnxruntime_providers.cmake b/cmake/onnxruntime_providers.cmake
index 9ff9aa2846c29..cd073a9ea0756 100644
--- a/cmake/onnxruntime_providers.cmake
+++ b/cmake/onnxruntime_providers.cmake
@@ -1318,7 +1318,7 @@ if (onnxruntime_USE_HAILO)
     "${ONNXRUNTIME_ROOT}/core/providers/shared_library/*.cc"
   )
 
-  find_package(HailoRT 4.13.0 EXACT REQUIRED)
+  find_package(HailoRT 4.14.0 EXACT REQUIRED)
 
   source_group(TREE ${ONNXRUNTIME_ROOT}/core FILES ${onnxruntime_providers_hailo_cc_srcs})
   onnxruntime_add_shared_library_module(onnxruntime_providers_hailo ${onnxruntime_providers_hailo_cc_srcs})
diff --git a/hailo/README.md b/hailo/README.md
index f3992331e322b..ba701a62fbb1f 100644
--- a/hailo/README.md
+++ b/hailo/README.md
@@ -5,7 +5,7 @@ Hailo ONNX Runtime integrates ONNX Runtime with HailoRT to enable Hailo-EP, prov
 * ONNX Runtime version 1.11.1 with Python 3.7 and above
 
 # Prerequisites
-* HailoRT v4.13.0
+* HailoRT v4.14.0
 
 # Build Instructions
 To build ONNXRuntime with HailoRT please follow the following steps:
@@ -27,14 +27,14 @@ To run your ONNX model on ONNXRuntime with Hailo execution provider, follow the
     
     The ONNX models used in these tests are located in [testdata/hailo directory](./../onnxruntime/test/testdata/hailo/).
     To run the tests, do the following:
-    1. Compile onnxruntime with Hailo
-    2. Go to `build/Linux/Release/`
-    3. Run a test with the name `Test_Name`: `./onnxruntime_test_all --gtest_filter=HailoCustomOpTest.Test_Name`
+    * Compile onnxruntime with Hailo
+    * Go to `build/Linux/Release/`
+    * Run a test with the name `Test_Name`: `./onnxruntime_test_all --gtest_filter=HailoCustomOpTest.Test_Name`
 * Python
 
     The example `hailo/examples/hailo_example.py` contains a basic inference example using onnxruntime with Hailo-EP.
     The ONNX model used in this example is located in [hailo/examples/](./../examples/).
     To run the example, do the following:
-    1. Compile onnxruntime with Hailo
-    2. Go to `build/Linux/Release/dist/` and install the Python wheel (for example: `pip install onnxruntime-1.11.0-cp36-cp36m-linux_x86_64.whl`)
-    3. Go to `hailo/examples` and run `python hailo_example.py`
+    * Compile onnxruntime with Hailo
+    * Go to `build/Linux/Release/dist/` and install the Python wheel (for example: `pip install onnxruntime-1.11.0-cp36-cp36m-linux_x86_64.whl`)
+    * Go to `hailo/examples` and run `python hailo_example.py`