Make sure you read and comply with LICENSE.md
You will need a V-Ray AppSDK package to run V-Ray for MotionBuilder. You will also need one AppSDK license and one V-Ray 3.0 Render Node license.
To install for MotionBuilder 2015 do the following:
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Run install_python_2015.bat
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Run install_bin_2015.bat from where your AppSDK is
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Compile the "accel" project - it outputs directly into MoBu's folder. Don't forget to set x64/Release before compiling
To run on MotionBuilder 2015: Just start it using the run_2015.bat script from the AppSDK folder
For other MoBu versions, just edit the scripts and accel project to the respective version.
Similar steps should make it work on Linux (LD_LIBRARY_PATH instead of PATH).
NOTE: It is recommended to use an AppSDK build made after September 27th 2015.