New York City has awarded New York University $29.2 million to create a Quantum Fabrication Facility (QFab), a planned Manhattan site where researchers, students, startups and established companies can build and test quantum devices.
Funding, location and opening timeline
The city announced the award on October 14, 2026. QFab is planned for 770 Broadway in Manhattan, will occupy 23,000 square feet and is expected to open in 2030.
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| Project element | Announced detail |
|---|---|
| NYU commitment | $255 million for construction and 10 years of operations |
| Combined public and private backing | $284 million, counting the city award and NYU commitment |
| Facility size | 23,000 square feet |
| Address | 770 Broadway, Manhattan |
| Expected opening | 2030 |
The city award is the public portion of a much larger build-out. NYU’s commitment covers both construction and the first decade of operating the facility, rather than construction alone.
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QFab will combine device fabrication, testing and specialized training in one facility. Planned infrastructure includes advanced manufacturing equipment, specialized cleanrooms, cryogenic systems and other precision tools needed to work with quantum materials and devices.
The announced toolset includes a deep-ultraviolet lithography stepper and other fabrication systems. Such equipment can be costly and technically demanding to run, so the facility is intended to give smaller companies and outside researchers access they could not readily obtain on their own.
How New York City will participate and share in returns
The agreement gives New York three seats on QFab’s executive advisory board, creating a formal city role in oversight while the facility is being built and operated.
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New York will also receive 15% of NYU Central Administration’s proceeds from intellectual property created with tools funded by the city. The covered proceeds include equity, royalties, milestone payments and patent licenses.
Mayor Zohran Kwame Mamdani summarized the policy rationale: “When the public invests in a new technology at the start, the public should share in the success.” The announcement does not yet explain how the 15% share will be audited, how project costs will be allocated, or how payments will be distributed over time. Those details will need to be established during implementation.
Workforce and student pathways
Reach and training targets
New York says QFab is expected to reach more than 35,000 New Yorkers during its first 10 years. More than 5,000 students are included in that target through degree-linked programming, summer bootcamps, internships and a new certificate program at selected City University of New York (CUNY) schools.
Planned pathways include CUNY associate and certificate programs for quantum technicians, internships, bootcamps, virtual-reality learning and summer programming connected to New York City Public Schools. The announcement describes these as planned programs; it does not establish enrollment dates, tuition or public application procedures.
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QFab is intended to connect university research with commercial chip-fabrication capacity. Startups could use its cleanrooms, lithography, cryogenic and characterization resources to build prototypes, test devices and improve designs before committing to a commercial foundry.
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The city’s targets call for QFab to incubate nearly 50 companies, provide services to 50 newly formed startups and support more than 100 companies during its first decade. These figures are goals for the planned facility, not results already measured.
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NYU’s existing NanoFab has supported semiconductor and quantum-material fabrication and characterization. QFab is presented as a larger Manhattan facility with a new city-backed operating and governance model, rather than simply a continuation of the earlier lab.
Juan de Pablo, NYU’s executive vice president for global science and technology and executive dean of NYU Tandon, described the aim as bringing “research, industry and hands-on training under one roof.”
What the economic-value claim means
The city’s release says quantum technology could generate up to $2.7 trillion in economic value by 2035. That is a projection cited by the city, not a guaranteed return from QFab or an independently established outcome. The release does not identify the forecasting organization or methodology behind the figure.
Quick Recap
What to watch before QFab opens
- Construction progress toward the planned 2030 opening at 770 Broadway.
- Publication of access rules and pricing for startups, researchers and companies using the equipment.
- Details for CUNY certificates, technician programs, internships and school programming.
- The operating rules for the three city advisory-board seats.
- Auditing and distribution procedures for New York’s 15% share of qualifying intellectual-property proceeds.
- Whether the company-incubation, student-reach and broader economic targets are met after operations begin.
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