VHDL code cosimulation using Altera Modelsim starter edition

The altera starter edition is free edition that has software slowdown built in when you simulation larger designs. Until the latest version it only supported single language simulation. You cannot use it for Matlab co-simulation via the simulink modelsim co-simulation block. You could take your generated HDL from simulink and simulate it manually, but you couldnt connect it to any simulink stimulus or data capture.

I never understood that PE and SE stand for. PE has always been jokily named the "Pauper's Edition" as it was cheaper than SE (Super Edition?)

Im not sure if you can get away with PE or if you need the full SE, but you'll need a paid version either way.