PrecisionHawk, an IU-funded venture that uses unmanned aerial vehicles (UAVs) and plug-and-play sensors to collect and process data for various commercial uses, is one of 10 Indiana Innovation Award winners for 2014.

Presented by Centric, Indy’s Innovation Program, the award honors companies with Indiana operations that have launched a successful or innovative product or service within the past three years. One hundred companies were nominated for the awards, now in their fourth year.

The Innovate Indiana Fund, administered by the Indiana University Research and Technology Corp. (IURTC), is among PrecisionHawk’s lead investors. Data collected by the company’s UAVs are used in such industries as agriculture, oil and gas, insurance, forestry and utilities, and in such applications as environmental science, geology and disaster response.

Read more about PrecisionHawk here: