Click the icon (the USB cable with a green plus sign).
The VM requires a valid license file, even though it is a legacy application. xilinx-ise-14.7-win10-14.7-vm-0213-1.zip
: It uses a Shared Folder mechanism that allows you to store your design files on your Windows host while the VM performs the heavy lifting of synthesis, implementation, and bitstream generation. Click the icon (the USB cable with a green plus sign)