FEM was created in 1990 as the European umbrella organisation for national and regional associations of women in Small and Medium-sized enterprises. This organisation represents female co-entrepreneurs as well as female entrepreneurs.
At the moment, FEM has 15 member organisations in 10 European countries. Furthermore, there are contacts to organisations in other European countries including countries in Central and Eastern Europe.
Since October 1995, FEM has been a member of UEAPME - the European Association for Craft, and Small and Medium-sized Enterprises.