They will be providing a platform to showcase a variety of sports including Super W, AFLW, W-League, hockey, rugby league and gymnastics which will help grow the codes and competition.

Fox Sports will also lead the way for female sports presenters with 25 presenters across their sports coverage.

The 'Dare to Dream' event showcased how Fox Sports would provide further opportunities to female athletes and those working in the media.

"It's a great mantra for young girls and for those looking to become the next Sam Kerr, Ellyse Perry or Simona De Silvertro," said Fox Sports presenter Yvonne Sampson.

"It wasn't that long ago that women's sport was viewed mostly as a hobby or past time and for women to think about having a career in sport was almost unimaginable," she said.

In Australia, there are 1.2 million girls in sport and 2 million women registered at sporting clubs around the country.

Foxtel will show 90 percent of all women’s sport on Australian TV.

"I want to see more people getting behind women sport, sponsoring women's sport and pouring money into women's sport like they do in the men's," said former Australian basketballer Lauren Jackson.

Jackson was just one of the athletes present at the event in Canberra with rugby league star Sammy Bremner, Rugby 7's player Ellia Green and Matilda's star Caitlin Foord. 

Each athlete talked about their pathway to their elite level in sport and a common theme emerged that when watching their sport on TV it was only men's.

Super W is four weeks into its inaugural season and for Wallaroo Ash Hewson it has been a long time coming.

Hewson is a veteran of rugby union having played for the last 10 years and never thought she would have the chance to play in a domestic female competition.

"To see how far it has come, it's getting to a point where we can mix it with the best teams in the world," she said.

"In terms of seeing potential in this competition, Fox Sports is leading that and with our bid for the World Cup, playing these games, having this exposure and having this pathway now it is only going to make us more successful," Hewson said. 

For Simona De Silvestro, became the first full-time female driver in the Australia Supercars Championship with Nissan in 2017. 

In 2015, the Swiss-born driver was part of the first all-female team entry at Mount Panorama since Melinda Price and Kerryn Brewer in 1998.

"I think Australia is one of the first countries I am seeing that is pushing the women's side and that is great to see," she said. 

"It is a great platform to inspire that anything is possible and for myself, I never looked at it as I can't do it because it's mostly boys racing.

"It is great to see an event like this, to have the support and I think Australia and Fox Sports are doing a good job with this," De Silvestro said. 

The announcement also included detail about funding to the tune of $7 million dollars per year over four years. 

A huge investment and a great opportunity not only for these sportswomen to showcase their abilities but also to contribute significantly to the growth of female sports participation.

With a group of young girls in attendance at the event, as well as school children walking up to Parliament House during a photo shoot, their excitement was enormous.

Several of them vocalised their awe in seeing a Matilda and there was also great pleasure and pride from the parents amongst them to know the opportunities that lie in waiting.