A university curriculum in natural and engineering sciences should provide students enough time and adequate facilities to design and carry out experiments and to analyze and interpret experimental results. However, laboratory facilities require considerable investments, and the experiments themselves can also be very expensive. Furthermore, in many universities, scheduling laboratory practice can be quite constrained. It is often difficult to realize learning scenarios in which experimentation is an integral component. Finally, alignment of actual laboratory classes and assessment is seldom satisfactory. This chapter discusses potential benefits of and limitations to virtual experiment environments or virtual laboratories in university education. In addition, we aim to identify feasible objectives for faculty-based projects on design, realization and use of virtual experiments in university education.