NYC Mayor Zohran Mamdani announced the city will award $29.2 million to New York University to establish a cutting-edge Quantum Fabrication Facility (QFab) at 770 Broadway in Manhattan, 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 from QFab, a first-of-its-kind agreement that will allow the City to help shape this emerging technology for the public good.
QFab — which is backed by an additional $255 million investment from NYU spanning construction and 10 years of operations — will give researchers, students, start-ups and established companies access to specialized equipment for building and testing new quantum devices. It is expected to support more than 100 companies and reach 35,000 New Yorkers in its first 10 years of operation.
Additionally, to grow the number of New York City jobs in the quantum field, NYU will provide students at the City University of New York (CUNY) and New York City Public Schools (NYCPS) with access to state-of-the-art labs, training, new certificate programs and summer workshops.
“Right now, at subatomic levels that we can only glimpse, new technologies are being developed that will transform how we fight disease, store energy, and exchange information. We want those technologies, investments and jobs to be created here in New York City — and we want New Yorkers to have a say and a share in their success. With this new quantum lab, we are bringing that vision to life,” said Mayor Mamdani. “This first-of-its-kind agreement will give the city board seats to shape the future of the quantum industry and a stake in the new technologies that emerge from the lab, making sure that all New Yorkers see the profits and progress from quantum technology, not just the wealthy few. We are building a city where economic justice doesn’t come at the expense of innovation.”
“The New York City region is home to one of the largest concentrations of quantum scientists and engineers in the world. 770 Broadway will be the catalyst for new discoveries that propel us to the next level. What will make our new quantum facility truly unique is how connected it will be with the city around it. Through our partnership with the City, thousands of CUNY students will train alongside our NYU students on cutting-edge equipment and build their research careers in one of the fastest growing scientific fields. New York City-based start-ups and companies will have access to cutting-edge fabrication and materials found in few other cities,” said NYU President Linda Mills. “This is going to be the launchpad for an entire new industry with enormous opportunities for New Yorkers.”
Expected to open in 2030, QFab will deepen New York City’s position as a global leader in quantum technology — new technology that utilizes quantum mechanics. Quantum technology will revolutionize fields ranging from life sciences to finance to health care in the decades ahead and is projected to generate up to $2.7 trillion in economic value by 2035.
Spanning 23,000 square feet and located at 770 Broadway, QFab will help develop these technologies and offer researchers, students, start-ups, and established companies access to:
- Facility and Equipment: Advanced manufacturing and testing of quantum chips and components, alongside specialized cleanrooms, cryogenics and equipment.
- Workforce Development: Technician training, expertise, CUNY associate and certificate programs for quantum technicians, internships, bootcamps, and VR learning.
- Entrepreneurship Support: Resources to help startups incubate and commercialize technology as well as integrate with NYU’s broader entrepreneurial ecosystem.
QFab is expected to reach more than 35,000 New Yorkers in its first 10 years of operations, including over 5,000 students through undergraduate and graduate school programming, summer bootcamps for NYCPS students, internship programs, and a new certificate program launched at select CUNY schools.
As part of its work, QFab is projected to incubate nearly 50 companies as well as provide services to 50 newly formed startups. QFab will help companies turn prototypes into products and provide support from NYU’s academic and entrepreneurial programs.
