NYC Awards $29.2 million to New York University to Establish a Cutting-edge Quantum Fabrication Facility

New York City will award NYU $29.2 million to establish a quantum fabrication facility, backed by an additional $255 million from the university and expected to open in 2030. The city will receive three advisory board seats and 15% of NYU Central Administration’s proceeds from intellectual property created using city-funded equipment. QFab will provide quantum device manufacturing and testing, startup support and workforce training, with plans to reach more than 35,000 New Yorkers during its first decade. Image: QFab will provide students, faculty, researchers, startups and companies with a place to explore quantum mechanics and new prototypes. (NYU) PRESS RELEASE — Mayor Zohran Kwame Mamdani, Deputy Mayor for Economic Justice Julie Su and New York City Economic Development Corporation (NYCEDC) President and CEO Anthony Shorris announced the city will award $29.2 million to New York University to establish a cutting-edge Quantum Fabrication Facility (QFab), putting New York City at the front of the emerging quantum technology field. As part of the Mamdani administration’s investment, the city will receive board seats at QFab as well as a stake in new technologies that emerge…