No prob.

Algae is very complicated, you could build a proof-of-concept, but your yield will be very small.

Much more feasible and useful to the University is veggie-oil and a veggie-oil conversion for existing diesel generators.

Also possible but more ambitious is a methane generation and compression facility, working off of the University's septic tanks. Though I don't personally know the suppliers, there are those who do conversions for generators to run on methane here in the Philippines.

Anyway... anything is possible, you just have to crunch the numbers on the budget. Good luck!