You don't need special space grade electronics for a flight like this. The only time you really care about space grade electronics is when you are expecting to be in space for long durations. Even then only when you have money. The primary difference between consumer grade electronics and space grade is typically space grade has a higher temp rating, and a higher radiation resistance. Many University cubesats use consumer grade electronics and they work fine for a while. 6 months - 2 years is typical to see when you use consumer electronics in a satellite, vs. the 20 years you could get with real space grade electronics.
The main thing you need to pay attention to when operating electronics in space is heat issues. Since there is no air your heat sinks no longer get convective cooling. Which is the most efficient. The only types of cooling you get is conduction in the short term, and radiative cooling. If you are only operating for a short period of time in space like you will be you can use a thermal sink to pull heat away. If you were operating longer you would have to eventually dump heat from the vehicle using radiative cooling, which is basically cooling your electronics through IR emission.
Electronics cooling on a rocket flight is only really a problem if you have a high power radio on board. Since if you are transmitting at a few watts, the better radios tend to be ~40% efficient, so you are dumping a few watts of power out of the radio as heat. So cooling your transmitters is something you need to pay attention to on a flight like this.
We recently had a discussion in a different thread, it appears that a few consumer GPS units should theoretically report altitudes to infinity, but will turn off over 1000 m/s. So a recent rocket altimeter that includes an IMU should work reasonably well. If you want a GPS lock for the whole flight, an unlocked GPS from Novatel would be the way to go.
You do not need a special experimental license to go to 100 km. The limit for a class III waiver is 150 km, and 200,000 lbf*s of impulse. You do need to do 6 DOF simulations to get your probable landing area. It's about 30 pages or so and 6 months for a class III waiver.
Good luck!