inaugurate
/ɪnˈɑːgjəˌreɪt/
verb
-rates; -rated; -rating
[+ obj] to introduce (someone, such as a newly elected official) into a job or position with a formal ceremony
to celebrate the fact that something (such as a new hospital or school) is officially ready to be used
to be the beginning of (something, such as a period of time)
to begin to use or have (something) for the first time