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As Virgin Media becomes the latest big corporate to launch an accelerator programme, The Memo looks at what's driving the trend.

This morning Virgin Media joined the ranks of Telefonica/O2, Barclays, BBC Worldwide, John Lewis and hundreds of other corporates with their own business accelerator programme, lending a helping hand to the new generation of tech-savvy businesses.

Image: Richard Branson has added an accelerator programme to his successful Pitch to Rich business competition.  - http://www.thememo.com