NovaUCD
I visited NovaUCD a few months ago to get a sense of what was happening in the innovation space in UCD. NovaUCD, the innvoation and technology centre of UCD, is located in an old estate house on the Belfield campus, a few minutes walk from the engineering and computer science buildings.
They currently have a large space consisting of the old building, with a number of ultra-modern extensions, and house a number of IT and BioTech startups. Electric News Net have a nice piece on UCDNova. Worth a read.