You could cheat.

You could add multiple rectangles from the Drawing toolbar (hide the borders!)
and assign a different hyperlink to each of those rectangles.

Paul Rushton wrote:

I know how to create a hyperlink in excel which means you can click anywhere
in the cell but I want to be able to link to a document from a specific word
(i.e so the whole box doesn't change to blue). There may also be the need to
create several hyperlinks in the same cell to different documents.

--

Dave Peterson