The University of Central Florida has decided to end its long-term partnership with the financially struggling high-tech manufacturer Bridg amid several disputes about money and the nonprofit’s mission.
One of the reasons: Bridg, which requested $5 million from the university late last year, has made little effort to address UCF’s concerns about its business model, UCF Interim President Thad Seymour said at a Feb. 20 UCF trustees meeting. He added that UCF plans to give Bridg its 30-day notice to terminate their service agreement. “I’m out of patience. We have got to move.” Read more here.