This is the 12370th most frequent Swedish word.
sjösatt
Launched (referring to a boat or project).
Here, 'sjösatt' is used as a past participle meaning 'was launched' referring to a ship.
Fartyget blev sjösatt under en ceremoni.
The ship was launched during a ceremony.
In this instance, 'sjösatt' is used metaphorically to mean 'introduced or initiated' referring to a project.
Vi har sjösatt ett nytt projekt på jobbet.
We have launched a new project at work.
This usage of 'sjösättas' in passive form indicates the action of initiating or starting, in this case, a plan.