1. formally beginning or introducing something new, especially a period of office or an institution
Usage: present participle of inaugurate
2. formally installing someone in office with a ceremony
Usage: present participle of inaugurate

Examples

• The committee is inaugurating a new scholarship program this fall.
• They are inaugurating the president next month with a grand ceremony.
• The museum is inaugurating its new wing with a special exhibition.
• The mayor is inaugurating several community projects this year.
• The university is inaugurating a new research center dedicated to climate studies.
• The company is inaugurating its expansion into international markets.