IncubEx is a business development firm based in Chicago and London, established in 2016. The company specializes in environmental, reinsurance, and commodity markets, focusing on creating exchange-traded financial products that address climate risk and support sustainability initiatives. With a team of 16 employees, IncubEx collaborates with global exchanges, including the European Energy Exchange and Nodal Exchange, to enhance market liquidity and expand its product offerings. The firm develops listed futures and options contracts for environmental commodities, such as emissions trading and renewable energy certificates. IncubEx also provides market infrastructure solutions to improve trading and clearing capabilities. The company partners with institutional clients, including exchanges and energy firms, to deliver tailored products and has secured funding from industry leaders to scale its climate-focused offerings. IncubEx aims to lead in the development of innovative contracts for climate risk mitigation and renewable energy trading, aligning with the global shift toward net-zero targets.