Inovateus Solar LLC of South Bend, Ind., has been recognized as one of the 2010 Indiana Companies to Watch, an awards program presented by the Indiana Economic Development Corp., its Small Business Development Center network, Purdue University and the Edward Lowe Foundation.

Inovateus Solar is one of 41 companies from Indiana honored as outstanding second-stage companies during the third annual Indiana Companies to Watch awards program in Indianapolis.

Companies to Watch is an awards program that celebrates Indiana privately held second-stage companies, typically those businesses that are past the startup phase, are well established and face issues of growth, not survival.