I guess it is a form of emulation... but
You can run 16-bit Windows (Windows 1.x, 2.x, 3.0, 3.1, etc.) on 64-bit Windows with https://github.com/otya128/winevdm
I got Microsoft Encarta 98 to work on Windows 11 this way
Encarta 98 has to be 32 bit... Win16 was pretty dead for new products by that time.
Though it's conceivable that an installer could start off with 16 bit code to show an error message that you need Windows 95 ...
Edit: it seems Encarta 95 could run on win16, but Encarta 98 required win95 or nt4
Encarta 98 has to be 32 bit... Win16 was pretty dead for new products by that time.
Though it's conceivable that an installer could start off with 16 bit code to show an error message that you need Windows 95 ...
Edit: it seems Encarta 95 could run on win16, but Encarta 98 required win95 or nt4