The incident happened in Paddington Green at around 4.40pm today (September 19).
Officers and London Ambulance Service crews attended and found two people injured.
The 17-year-old was taken to hospital where his condition was assessed as not life-threatening.
A second male was found with facial injuries, he did not require further medical treatment.
A crime scene has been put in place following the incident.
No arrests have been made as police enquiries continue.
A spokesperson for Metropolitan Police said: “Police were called at about 4.40pm on Tuesday, 19 September to reports of a male stabbed on Paddington Green, NW2.
“Officers attended and found a 17-year-old male with a stab wound.
“He was taken to hospital by the London Ambulance Service. His injuries are not believed to be life-threatening.
“A second male was found with facial injuries; he did not require medical treatment.
“A crime scene is in place.
“There have been no arrests and enquiries continue.
“Anyone with information is asked to call police via 101 quoting reference CAD 5582/19Sep.”
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