With over 20 years of experience in SME investing, +500 SME investments and 1000 technical assistance interventions in frontier and emerging market SMEs, SEAF is intimately aware of the challenges faced by entrepreneurs in the management of their businesses. SEAF found that entrepreneurs were generally not as equipped to deal with rapid business growth. They frequently lacked knowledge and tools to assess new markets and struggled to gain access to capital. Entrepreneurs also lacked the right networks with other entrepreneurs who had experience entering regional and international markets bringing their businesses to scale. CEED was created to address these challenges by enlisting successful entrepreneurs to mentor those looking to grow their businesses. CEED was developed using a peer to peer model where entrepreneurs would share their experiences, help others overcome challenges, and develop trust in others in the network.
CEED Bulgaria was established in 2005 as the first CEED center in SouthEastern Europe.