New York City awards $29.2m to NYU’s QFab quantum lab, due in 2030, for three advisory seats and 15% of NYU central administration’s proceeds from IP created with city-funded tools.

Mayor Zohran Mamdani announcing the NYU quantum-lab investment on October 14, 2026; source photograph published by amNewYork.

Published 15 Oct 2026 · 01:33 UTC

NYC Mayor’s Office ↗ · Source dated 14 Oct 2026

New York City awards $29.2m to NYU’s QFab quantum lab, due in 2030, for three advisory seats and 15% of NYU central administration’s proceeds from IP created with city-funded tools. · ournews.ai