Why New York Mayor Zohran Mamdani wants 15% of whatever NYU’s new quantum lab invents
New York City Mayor Zohran Mamdani pledged $29.2 million to NYU's Quantum Fabrication Facility, opening in 2030. In exchange, the city will receive 15% of proceeds from intellectual property developed using city-funded resources and three advisory board seats. The lab, supported by $284 million in total funding, aims to train CUNY students and assist over 100 companies.