The Spanish companies in the V Framework Program y and proposals for the 6th edition (2003-2006)   This article expounds, in one hand, the quantitative evaluation of the Spanish companies participation in European projects since its launching in 1999, and, on the other hand, the priorities of the 6th Framework Program that will be develop under the Spanish Presidency. The integration of technological and personal competencies as a source of competitive advantage for the firm   This article tries to show how the integration of technological and personal competencies support the generation of competitive advantages difficult to imitate by competitors. The impact of each of the elements that make up the competencies are also analysed emphasising their strategic dimension. Process of knowledge management and technological competencies in inter firm co-operation agreements   In this paper, the authors start from the consideration of the innovation process as learning process that uses and generates a great diversity of knowledge. Having in mind that the base of innovation resides in the firm technological competencies, and that the competencies depend on individual and organisational learning, the authors analyse the topic of inter-organisational learning, because the resource view perspective and specially the knowledge management theory accepts that co-operation is an strategic option better than individual actions to acquire, generate and transfer knowledge. The paper ends proposing different phases for the process of inter-organisational learning management with the objective of improving learning in order to acquire and consolidate technological competencies. The internacionalization of the Technological Innovation   The acceleration of the internacionalization of the economy and its consequences over the production organization affect in a crescent way to aspects that a few years ago looked independents of that process. The reason is that its features looked require a high concentration around the companies main offices. One of those aspects is the creation and transference of technology. Strategy and internet: the strategic process and its relation with the challenges of the new economy   This paper explores the relation between the importance that some Spanish firms give to new technologies, the use of internet, the perception of the intensity of their strategic challenge and the formalization of their strategic processes. A sample of 33 medium and big Spanish firms has been selected in order to developed a case study to identify the strategic process followed by each company and the use they make of the internet in their respective web pages. Science and Technology indicators for a debate   After emphasising the importance of having accurate indicators for the assessment of the realised effort in Science and Technology, the author presents, very shortly, the objectives of three research projects developed by research groups from the Consejo Superior de Investigaciones Científicas, Universidad Autónoma de Madrid and Universidad Complutense de Madrid. These groups are co-ordinated and funded by the Dirección de Investigación de la Comunidad de Madrid who is interested in monitoring the situation of the Innovation and Research System in the Comunidad de Madrid. Technological capacity in Spain II. Evolution an comparative analysis of R+D expenses in Spain.   This work shows a detailed analysis of the R+D expenses in relation to the GIP in Spain, it also includes a comparative study to position the technological capacity of our country. This article complements the other one that was published in the former issue of Madri+d Review about the Spanish technological balance. The theory of the three factors: motivating ma non troppo!   After having made evident the importance that motivation has in business management, the author relates a funny story that allows him to treat this topic in an original and refreshing way.