STEVE BACKSHALL: ALL SET TO INSPIRE
It is backed by national radio DJ Scott Mills, and the final will be held at Wembley, hosted by TV personality Saira Khan.
But as if that wasn't enough, every team entered by midnight on Thursday, 19 January, will be entered into a draw to win a fantastic Samsung Galaxy Tab worth £300 for your school or youth organisation.
Don't worry - those teams that have already registered will automatically be entered into the draw.
So now there really is no excuse.
In case you needed reminding, The Skills Factor is a fun, exciting and challenging way for young people aged from 12 to 19 to work as a team to develop a business idea. It's really about showing that you have the skills, discipline and creativity to enter the world of work. But it's not just about the idea - it's also about the skills you learn and develop along the way.
You can see the full rules and entry details for Skills Factor here.
You can read the competition terms and conditions here.
And you can click here to enter your team.
If you have been thinking about entering The Skills Factor, now is definitely the time to take the plunge.