On International Women’s Day, the “Women Equity Growth Index” went public. It’s the first index that statistically tracks growth companies led by women in France, and will allow for an annual classification of these small and medium-sized enterprises.

The initiative has been developed by the non-profit organization Women Equity for Growth and BNP Paribas Wealth Management. The idea is to actively support the development of growth SMEs led by women in France, encouraging them to become models of success—and in so doing contributing to sustainable growth in European business.

The hope of its creators is that the index will become a point of reference as well as a powerful promotional tool for the companies involved. For now, it brings together the top 50 women-run SMEs in France–but it aspires to expand to include all of Europe in the coming years…so stay tuned!