A company known as Memphis Meats is just two years away from mass producing fake meats which were grown in the lab thanks to a hefty investment.
A venture capital firm known as DFJ, which includes financiers such as Gates and Branson, has ploughed £13million into Memphis Meats taking the total to £17million worth of investments.
Other high profile investors include Elon Musk’s brother, Kimbal, and former General Electric CEO Jack Welch.
The company has already created faux chicken, beef and duck which they created from animal cells.
The revolutionary Memphis Meats could create ‘clean meats’ for everyone without the need to slaughter animals and could mass produce and ease any potential global famine.
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Mr Branson told Bloomberg: “I’m thrilled to have invested in Memphis Meats.
“I believe that in 30 years or so we will no longer need to kill any animals and that all meat will either be clean or plant-based, taste the same and also be much healthier for everyone.”
Dr Uma Valeti, co-founder and CEO of Memphis Meats, added: “The world loves to eat meat, and it is core to many of our cultures and traditions.
“Meat demand is growing rapidly around the world. We want the world to keep eating what it loves.
“However, the way conventional meat is produced today creates challenges for the environment, animal welfare and human health.
“These are problems that everyone wants to solve, and we can solve them by bringing this incredible group of partners under one tent.”
Not only will Memphis Meats reduce the need to farm and slaughter animals, but it says that its products will also produce 90 per cent less greenhouse emissions that traditional farming techniques.