The London-based practitioner will be an early frontrunner and almost certainly favourite for the position.
It is unclear yet who will stand against him, but there is unlikely to be anyone else who could bridge the gap between the more maverick and radical fringe and the RIBA's establishment as successfully.
Prasad is yet to publish a full manifesto, but has issued the 'main headings of his programme:
a younger and more diverse RIBA;
a continuation of the campaign for design to be at the heart of making the built environment, and at the heart of construction;
absolute commitment to tackling climate change, with the RIBA at the forefront of guiding solutions; setting goals; and making clear to every architect what he or she can actually do;
the RIBA making architecture part of cultural life, and cultural life part of the RIBA; and
the RIBA working through its members rather than in spite of them, as it finds itself so often doing.
No-one else has put themselves forward for the candidacy to date.
Nominations close on 12 May and will be followed by five weeks of campaigning before ballot papers are issued.