neology vs invention

neology and invention both are nouns.

Word	Noun	Adjective	Verb	Adverb
neology	Yes	No	No	No
invention	Yes	No	No	No

As nouns, invention is a hypernym of neology; that is, invention is a word with a broader meaning than neology:

neology (noun)	invention (noun)
the act of inventing a word or phrase	the act of inventing
a newly invented word or phrase	a creation (a new device or process) resulting from study and experimentation
	the creation of something in the mind