Abstract: This invention features an FPGA emulation system including an FPGA device under test having a plurality of pins. A bus functional model circuit responsive to signals representing predetermined input characteristics of the FPGA device under test and configured to apply one or more signals to the FPGA device under test corresponding to the predetermined input characteristics and configured to receive one or more signals representing output characteristics of the FPGA device under test to emulate the operation of the FPGA device under test in a predefined selectable and flexible electrical operating environment.