From Gem's Software Solutions:
Virtual WiFi Plus V2.6 will turn your computer into a Wifi Hotspot using Wireless hosted network technology. It will show all the devices connect to your hotspot. Virtual WiFi Plus acts as a router for PCs running Windows 7 and latest versions.
The devices connect to Virtual WiFi Plus just like any other access point, and the connection is completely secured using WPA2 PSK (the most secure wireless encryption). You can turn any Wi-Fi-capable Windows PC into a virtual Wi-Fi router that can share Internet connections and create wireless networks. Virtual Wi-Fi Plus has simple GUI and user-friendly controls make it easy to turn your Wi-Fi-equipped PC or laptop into a wireless hub. Your laptop can be a mobile Wi-Fi router you can use in the car, hotels, or anywhere you can connect to the Internet. Virtual WiFi Plus a pretty simple, portable, small in size application that does not require installation. Just copy and paste in desktop and run it as usual manner. Virtual WiFi Plus has simple Graphical User Interface with Menu bar for displaying all the options available.
Virtual WiFi Plus enables you to specify the name of the wireless network including spaces in the name you are about to create. It has a single button to start previously created hotspot, so that you don't need to enter again the same WiFi name (SSID) and password if you have stopped the hotspot or after reboot. Once the hotspot is started, you can minimize or close Virtual WiFi Plus according to your convenience. Any Wi-Fi enabled device, such as smartphones, tablets or laptops should be able to detect the new network and connect to it using the password you provided. Virtual WiFi Plus is able to transform any PC or laptop into a virtual access point that Wi-Fi enabled devices can use for surfing over the Internet after you share your internet connection with this newly created hotspot. You can also view the devices connected to your hosted network.