Coverage dated October 14, 2026

NYC secures stake in potential tech revenue with $30M investment in NYU quantum lab

Headline from amNewYork

Mayor Zohran Mamdani announced on Wednesday a nearly $30 million investment in a new quantum technology lab at New York University under an agreement that will give the city a share of revenue from inventions developed using publicly funded equipment.

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2 articles, oldest first.

New York Times
Mamdani Enters Deal with N.Y.U. to Share Profits from Quantum Lab (opens New York Times)
Published Oct 14, 2026
New York Times's feed description
Mayor Zohran Mamdani said that in exchange for a $30 million city investment, New York would get 15 percent of proceeds from projects developed in the quantum technology lab.
amNewYork
NYC secures stake in potential tech revenue with $30M investment in NYU quantum lab (opens amNewYork)
Published Oct 14, 2026
amNewYork's feed description
Mayor Zohran Mamdani announced on Wednesday a nearly $30 million investment in a new quantum technology lab at New York University under an agreement that will give the city a share of revenue from inventions developed using publicly funded equipment.