NYC to take 15% of QFab IP proceeds and three board seats in landmark startup deal
MJBiercuk · x · 2026-10-20
QFab, incubated by NYU, is projected to incubate nearly 50 companies and support 50 newly formed startups, helping turn prototypes into products. The author wonders whether university equity — often dead weight for startups — or a royalty structure is at play.
Per the announcement: the city gets three seats on QFab's Executive Advisory Board, and when IP is created at QFab using city-funded tools, the city receives 15% of NYU Central Administration's proceeds, including equity, royalties, milestone payments, and patent licenses. Framed as a new national model for how city governments back emerging industries.
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