Definitions of induct:

• verb:   place ceremoniously or formally in an office or position

  Example: "There was a ceremony to induct the president of the Academy"

• verb:   admit as a member

  Example: "We were inducted into the honor society"

• verb:   introduce or initiate

  Example: "The young geisha was inducted into the ways of her profession"

• verb:   accept young people into society, usually with some rite
• verb:   produce electric current by electrostatic or magnetic processes