A main characteristic of a Virtual organization Breeding Environment (VBE) is the set of competencies that it can offer to the market and society. The VBE competencies are defined in this paper through the competencies of three main VBE information components, such as the VBE member, the Virtual Organization (VO) formed in the VBE, and the VBE itself. Typically competencies appear as a part of the VBE members' profiles. VO's competencies need to be obtained through the VOs' profiles, during the operating stage of the VBE. The competencies of the VBE itself need to be carefully defined at each VBE and are contained in the VBE profile. These three kinds of profiles are addressed in this paper. The management of profiles and competencies within a VBE shall be supported by a special subsystem of the VBE Management System (VMS) - Profiling and Competency Management System (PCMS) specified in this paper.
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