Scotland captain Julie Fleeting has hailed both the new team and all-girls football academy created by Celtic.
Cameron is former Aberdeen midfielder Ian Cameron's daughter
The Scottish Football Assocation-backed initiative sees the Glasgow club offering teams for girls aged five all through to senior level.
"It's something everyone involved in women's football wanted to happen - it's great news that a big club like Celtic are involved," said Fleeting.
"If a fraction of fans take an interest it'll be great for Scottish football."
Arsenal striker Fleeting was a key member of the side tjat dominated women's football in England in 2006/07, winning a fourth straight Premier League title, along with the FA Cup, the League Cup and their first Uefa Cup.
It's fabulous news for us and something that we've been hoping for the last few years
Celtic's Kayleigh Cameron
And she hopes the women's game in Scotland can become more high-profile.
"It's very important for young girls that the game in Scotland gets more attention, making it more attractive for them to play," Fleeting told Radio Scotland.
"Personally, I learned a lot at Ayr United after being there for eight years.
"Perhaps it's something other top clubs can take on board as well. I think it would be brilliant for women's football."
Celtic have taken over Arsenal North to play in the Scottish Women's Premier League next season.
And Celtic player Kayleigh Cameron, who attended the launch with patron Elaine C Smith and Robert Docherty, of the Celtic Foundation, said: "It's fabulous news for us and something that we've been hoping for the last few years. "The structure of women's football is now in place and it's great that the SFA are involved in the running of the game."
Smith notes that the official development of the women's game at a high level in Scotland is long overdue.
"It's been a long time coming and I am a passionate supporter of the women's game," she said.
"I'm always bewildered at the number of women who attend games in this country, and yet there hasn't been the proper infrastructure there for them to play the game.
"It's a disgrace that a player of Julie Fleeting's talent ended up having to go to London to play for Arsenal rather than a top club in Scotland."