Why New York Mayor Zohran Mamdani wants 15% of whatever NYU’s new quantum lab invents
New York City Mayor Zohran Mamdani has committed $29.2 million to NYU's Quantum Fabrication Facility (QFab) in Manhattan, set to open in 2030. In return, the city gets 15% of NYU's proceeds from intellectual property created with city-funded tools, plus three advisory board seats. Backed by $284 million in total funding, the new quantum lab will...
Key Takeaways
- New York City Mayor Zohran Mamdani has committed $29.2 million to NYU's Quantum Fabrication Facility (QFab) in Manhattan, set to open in 2030.
- In return, the city gets 15% of NYU's proceeds from intellectual property created with city-funded tools, plus three advisory board seats.
- Backed by $284 million in total funding, the new quantum lab will train CUNY students and support more than 100 companies.
New York City Mayor Zohran Mamdani has committed $29.2 million to NYU's Quantum Fabrication Facility (QFab) in Manhattan, set to open in 2030. In return, the city gets 15% of NYU's proceeds from intellectual property created with city-funded tools, plus three advisory board seats. Backed by $284 million in total funding, the new quantum lab will train CUNY students and support more than 100 companies.
Original Publisher Attribution
This summary was curated from Times of India.