From Potential to Execution: What STEPS 2026 Actually Proved

On 24 March 2026, Warsaw hosted the Three Seas Business STEPS conference — a gathering that did not talk about the region’s potential. It demonstrated what execution already looks like.

The Three Seas region has spent years making the case for itself. The numbers are compelling — 110 million people, a combined economy of $2.3 trillion, growing at twice the pace of Western Europe. But numbers alone do not move capital or build partnerships. What moves both is proof of execution.

STEPS 2026 was built around exactly that shift. A wide circle of business leaders, investors, and policymakers, and technology executives gathered in Warsaw not to restate the potential — but to work through what implementation actually requires.

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The evening before

A high-level dinner that set the strategic frame

The conference was preceded by a closed, invitation-only high-level dinner on the evening of 23 March — an exclusive gathering of ambassadors and senior diplomatic representatives from across the region and beyond.

The dinner was opened by Andrzej Duda, President of Poland and co-founder of the Three Seas Initiative, who reflected on the Initiative’s evolution from a bold regional vision into a concrete investment and infrastructure platform. In his address, he pointed to a portfolio of 140 priority projects — 43 already completed — and over €100 billion invested in regional infrastructure over the past six to seven years.

„Together, we are building the Three Seas. Together, we are building a stronger, safer, and more prosperous Europe.” Andrzej Duda

The keynote address was delivered virtually by Dr Josef Aschbacher, Director General of the European Space Agency — a signal, in itself, that the conversation had moved well beyond traditional infrastructure into the technologies that will define the region’s next decade.

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Main conference, 24 March

Six panels. Six sectors where the region must decide.

Deputy Minister Michał Baranowski, Undersecretary of State at Poland’s Ministry of Economic Development and Technology, opened the conference with a direct message:

„Taking ideas and turning them into concrete actions is what we really need to do.” Michał Baranowski

Six Business Case Panels followed — each owned or co-created with a strategic partner, each addressing a domain where the Three Seas region faces a concrete decision:

The discussions were pointed and practical. On AI: the region’s infrastructure gap is real — and the energy question is not separate from the technology question, it is the same question. On space: the value is not in satellites but in the data they generate, and Poland already has the competencies to compete. On defence: the war in Ukraine has become the fastest innovation laboratory the sector has ever seen, and the Three Seas can become Europe’s production hub — if it changes how it thinks about procurement. On financing: the capital exists. The problem is mobilisation, perception, and the absence of local infrastructure managers who know how to deploy it.

The thread connecting all six panels was the same: the region has the assets. What it needs now is the architecture — legal, financial, institutional — to move at the pace the moment requires.

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Keynote

H.E Georgette Mosbacher: the region is not emerging — it is mispriced

H.E. Georgette Mosbacher, Chairperson of the TSBC Strategic Advisory Board and former US Ambassador to Poland, delivered the conference keynote — joining live from Houston.

Her message reframed the entire conversation. The Three Seas is not an emerging market waiting for attention. It is a market that has already earned its position and is simply not yet priced that way by global capital.

„The region is not emerging. It’s mispriced.” Georgette Mosbacher

„The future is not something we enter. The future is something we build.” Georgette Mosbacher

The keynote also included a significant announcement: the launch of Three Seas Initiative Investment Fund II — a private fund focused on the region’s highest-growth sectors: space, AI, and dual-use technologies. Built on the track record of Fund I, it signals the next phase of capital deployment in the region.

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Closing

Gen. Rajmund Andrzejczak: speed is the only variable that matters now

The conference closed with a fireside chat with General Rajmund Andrzejczak, former Chief of the General Staff of the Polish Armed Forces — a conversation that brought the geopolitical frame into sharp relief.

„No coal, no heavy metal, no old-fashioned technologies — artificial intelligence, and all of the plug-ins like space, like autonomous platforms.” Gen. Rajmund Andrzejczak

„Speed is key — much more about the speed of adaptation, speed of change, speed of how you are ready for a change.” Gen. Rajmund Andrzejczak

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What was signed

From discussion to execution — two partnerships formalised

Consistent with the conference’s theme, two formal agreements were signed during the event — moving TSBC’s work from dialogue into structured cooperation:

Signed ➡️ TSBC + Creotech

Corporate partnership to build the Three Seas space industry community, with Creotech as a leading anchor in the TSBC ecosystem.
Beata Daszyńska-Muzyczka, Founder & President, TSBC  ·  Jacek Mandas, Vice President, Creotech

Signed ➡️ TSBC + ABBA — Association of Businesses in Exile

Strategic partnership agreement. We welcome this collaboration and look forward to building it together.
Marina Girin, ABBA  ·  Yauheni Bury, ABBA  ·  Sierż Naurodski, ABBA

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Who was in the room

➡️ Andrzej Duda ➡️ Michał Baranowski ➡️ Georgette Mosbacher ➡️ Gen.Rajmund Andrzejczak ➡️ Dr Josef Aschbacher ➡️ Marcin Krasuski · Google Cloud ➡️ Prof. Grzegorz Wrochna · Creotech ➡️ Maciej Krzyżanowski · CloudFerro ➡️ Aaron Korewa · Atlantic Council ➡️ Tomasz Hartwig · SR Robotics ➡️ Piotr Kisiel · Stohid Technology ➡️ Joseph Phillipsz · Scottish Futures Trust ➡️ Dr Laurent Zylberberg · Caisse des Dépôts ➡️ Dr Piotr Arak · VeloBank

A full conference report — including panel summaries, key recommendations, and the complete strategic conclusions — is coming. The region has everything it needs. What follows is execution.