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New York City awarded New York University $29.2 million on October 14, 2026, to establish the Quantum Fabrication Facility (QFab) at 770 Broadway in Manhattan. NYU says it will add $255 million for construction and ten years of operations, creating a planned $284 million public-private investment. QFab is expected to open in 2030.
The QFab project at a glance
| Item | Announced detail |
|---|---|
| City award | $29.2 million |
| NYU commitment | $255 million for construction and 10 years of operations |
| Combined backing | $284 million |
| Location | 770 Broadway, Manhattan |
| Planned floor area | 23,000 square feet |
| Expected opening | 2030 |
The award was announced by the New York City Mayor’s Office on October 14, 2026. A Data Center Dynamics report published October 15 described the same award; the one-day difference reflects publication timing, not two separate funding decisions.
What the Quantum Fabrication Facility is designed to do
QFab is intended to give researchers, students, startups and established companies a place to fabricate and test quantum devices. Its planned infrastructure combines advanced manufacturing with specialized cleanrooms, cryogenic systems and precision measurement equipment.
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Planned equipment and capabilities
- A deep-ultraviolet lithography stepper for patterning advanced device structures.
- Specialized fabrication tools for quantum and semiconductor-related processes.
- Cleanroom space for contamination-controlled manufacturing.
- Cryogenic systems needed to test devices at extremely low temperatures.
NYU already operates a NanoFab that has supported semiconductor and quantum-material fabrication and characterization. QFab is planned as a larger Manhattan facility with a city-backed operating and governance structure. Juan de Pablo, NYU’s executive vice president for global science and technology and executive dean of NYU Tandon, said the project will bring “research, industry and hands-on training under one roof.”
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Why access to fabrication matters for quantum companies
Quantum hardware ventures often need expensive lithography, materials-processing, packaging and cryogenic test systems before they can demonstrate a working device. Commercial foundries can be difficult for early-stage teams to access, while buying and maintaining equivalent equipment is beyond the budget of many startups and university groups.
QFab is meant to fill that gap. Teams could use shared equipment to move from a laboratory design to a tested prototype, while larger companies could use the facility for research partnerships or process development. The city and NYU describe commercialization targets rather than completed results: QFab is expected to incubate nearly 50 companies, provide services to 50 newly formed startups and support more than 100 companies during its first decade.
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What New York City receives for its investment
Advisory-board representation
New York City will receive three seats on QFab’s executive advisory board. That gives the city a formal role in oversight while the facility is being built and operated.
A share of intellectual-property proceeds
When intellectual property is created using tools funded by the city, New York will receive 15% of New York University’s Central Administration proceeds. The covered proceeds include equity, royalties, milestone payments and patent licenses.
Mayor Zohran Kwame Mamdani summarized the policy rationale this way: “When the public invests in a new technology at the start, the public should share in the success.” The announcement does not explain how the 15% share will be audited, how project costs will be allocated or how payments will be distributed over time. Those operating details will need to be established as QFab moves toward construction and opening.
Training pathways for CUNY students and other New Yorkers
The city expects QFab to reach more than 35,000 New Yorkers in its first 10 years, including more than 5,000 students. Planned programming includes degree-linked instruction, summer bootcamps, internships and a new certificate program at selected City University of New York schools.
Technician and school programs
- CUNY associate-degree and certificate pathways for quantum technicians.
- Internships connected to facility operations and research.
- Bootcamps and virtual-reality learning activities.
- Summer programming for New York City Public Schools students.
The announcement identifies these as planned pathways. It does not yet provide public enrollment dates, tuition, admissions requirements or a schedule naming the participating CUNY campuses.
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The city’s release says quantum technology is projected to generate up to $2.7 trillion in economic value by 2035. That is a city-attributed forecast, not a guarantee of revenue from QFab or a measured outcome. The release does not identify the forecasting organization or methodology behind the figure, so it should be read as a broad economic projection rather than an independently verified consensus estimate.
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What is confirmed and what remains ahead
The funding agreement establishes the headline commitments: $29.2 million from New York City, $255 million from NYU, a 23,000-square-foot site at 770 Broadway and a target opening in 2030. The facility’s equipment, training and company-support figures describe the intended program.
Construction, equipment installation, hiring, course launches and company participation still have to occur. The more than 35,000 people reached, 5,000 students trained, nearly 50 companies incubated, 50 startup services and more than 100 companies supported are goals for the first decade, not results already achieved.
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