The issue is not Licensing, but Type Approval. Even on the ISM bands (http://en.wikipedia.org/wiki/ISM_band http://en.wikipedia.org/wiki/ISM_band) any transmit

The issue is not Licensing, but Type Approval. Even on the ISM bands (http://en.wikipedia.org/wiki/ISM_band http://en.wikipedia.org/wiki/ISM_band) any transmitter must still be submitted for Type Approval Testing. The only exception to Type Approval is on the Amateur bands where "homebrew" is permitted (and encouraged). However the Amateur Regs specifically rule out any commercial use. The only way this could legally be operated is in a professional quality screened room, or if the University has an "Experimental" class radio license.