Yes, and we call it "Virtual Router" sharing. You can connect any device e.g iPhone, Android, laptops, tablets etc. All you need is a Windows 7 laptop or PC equipped with a Wireless card.
There are several ways to achieve this:
1) http://virtualrouter.codeplex.com/ (A free application, may be downloaded and installed on a Windows 7 machine. Easy to use UI for setup and sharing)
2) http://www.connectify.me
3) If you feel more like a paranoid and inclined for built-in features (given you have a Windows 7 machine) you may try following:
3a) First of all check whether your LAN card supports this Virtual Router feature.
Open up command prompt by locating cmd in 'Start' menu, right clicking and selecting "Run as administrator"
Then run this command:
netsh wlan show driversIf you could locate this line anywhere in listed details:
Hosted network supported : YesThat means your Wifi card supports "Virtual Router" feature.
3b) Now it's time to set it up.
In the same command prompt window type these 2 commands (one by one)
netsh wlan set hostednetwork mode=allow ssid=PureVPN key=YourOwnPassword netsh wlan start hostednetwork(Devices will detect network SSID as "PureVPN". Use password as YourOwnPassword or whatever you want)
If you get some error like "..The hosted network couldn't be started..." that probably means your Wifi card driver is outdated, update your LAN driver to the latest version offered by your vendor then try start command again)
3c) Now the VPN connection needs to be setup manually on your system (Auto-dialer won't work)
Let's say you've put name of the VPN connection as "PureVPN Network". Click on the 'Wifi signal bar icon' in your system tray and then click on "Open Network and Sharing Center". On the new window locate and click on "Change adapter settings" Right click on the adapter that reads "PureVPN-Network" and go to "Properties" On the new window that appears locate the tab that reads "Sharing". On 'Sharing' screen tick mark "Allow other network user's to connect through this computer's Internet connection" and from the drop down below select "Virtual AP". Hit OK.
That's it - Now' connect to VPN and Enjoy!
Many Wi-fi enabled devices can now share this VPN connection like a "Virtual Router"
Note : Everytime you'll restart your computer, you will need to run this command:
netsh wlan start hostednetwork (In order to automate you may create a batch file to run this automatically on boot up)