QFab will support quantum technology research, startup growth and workforce training, with a projected 2030 opening.
NEW YORK, NY — New York City and New York University announced a combined $284 million investment to establish the Quantum Fabrication Facility (QFab), a new research and advanced manufacturing hub designed to accelerate quantum technology development, support emerging companies and prepare New Yorkers for careers in the industry.
The city will award $29.2 million toward the project, while NYU will invest an additional $255 million in construction and the facility’s first 10 years of operations. Expected to open in 2030, the 23,000-square-foot facility at 770 Broadway will provide specialized equipment for developing, fabricating and testing quantum devices.
QFab is expected to support more than 100 companies and reach approximately 35,000 New Yorkers during its first decade through research, education, training and industry programs.
Expanding New York City’s Quantum Technology Industry
The facility will give students, faculty, researchers, startups and established businesses access to infrastructure needed to move quantum technologies from laboratory research toward commercial applications.
Planned capabilities include advanced manufacturing and testing equipment for quantum chips and components, specialized cleanrooms and cryogenic systems. These resources will help companies develop prototypes, test materials and advance products in a field with potential applications across health care, life sciences, finance, energy and information technology.
“Quantum won’t be built by any one institution working alone,” said Dr. Juan de Pablo, NYU’s executive vice president for global science and technology and executive dean of the NYU Tandon School of Engineering. “QFab brings research, industry, and hands-on training together under one roof to create one of the most advanced fabrication facilities in the nation.”
The project will also connect participating businesses with NYU’s academic expertise and entrepreneurial programs. Over its first 10 years, QFab is projected to incubate nearly 50 companies and provide services to another 50 newly formed startups.
Creating Quantum Workforce Training and Career Pathways
Workforce development will be a central part of QFab’s operations, expanding access to technical education for students at NYU, the City University of New York (CUNY) and New York City Public Schools.
Planned opportunities include technician training, internships, summer workshops, bootcamps, virtual reality learning and quantum technician associate and certificate programs through CUNY.
More than 5,000 students are expected to participate in educational programming during the facility’s first decade. Training will support career pathways for technicians, fabricators and engineers, as well as researchers with advanced degrees.
Through shared laboratory access, students will gain practical experience with specialized equipment while building connections to companies developing quantum technologies.
Public Investment Includes Governance and Revenue Participation
The partnership includes provisions that give New York City a role in QFab’s governance and a share of certain proceeds from technologies developed using city-funded equipment.
The city will receive three seats on QFab’s Executive Advisory Board, allowing it to help guide the facility’s direction and reflect public priorities.
When intellectual property is created at QFab using tools funded by the city, New York City will receive 15% of NYU Central Administration’s proceeds from that intellectual property. Eligible proceeds include equity, royalties, milestone payments and patent licensing revenue.
“When the public invests in a new technology at the start, the public should share in the success,” said Deputy Mayor for Economic Justice Julie Su. “With this agreement, we are setting a new standard for economic development in our city.”
Supporting Research, Commercialization and Economic Growth
By combining fabrication infrastructure, business support and workforce training, QFab aims to strengthen New York City’s position in the emerging quantum technology sector.
The facility will bring government, higher education and industry together to help researchers commercialize discoveries, support business formation and expand access to careers as the industry develops.
About NYCEDC
New York City Economic Development Corporation is a nonprofit organization focused on creating shared prosperity by strengthening neighborhoods, supporting business growth and expanding access to good jobs. Its work includes investing in emerging industries, developing business facilities and supporting workforce training across New York City.
