ENEOLI tackles several key challenges: (1) Defining and elucidating fundamental concepts in lexical innovation by developing an open-access multilingual glossary; (2) Reviewing and
disseminating methodological implementations, digital resources, and tools for identifying and tracking neologisms over time using both natural language processing and sociolinguistic/psycholinguistic methods; (3) Conducting comparative studies of neologisms across European languages, examining factors such as technological impacts on lexical innovation and contact-induced language change in the digital age; and (4) Offering specialised neology training for professionals like translators, teachers, technical communicators, and terminologists.