This document outlines the objectives and services of the European Cluster Observatory, which aims to promote the development of world-class clusters in Europe. The Observatory will produce reports on European clusters and emerging industries, develop statistical tools to map clusters, and provide advisory support to model regions. It will also organize conferences and disseminate information to facilitate policy learning. The overall goal is to help clusters and their member firms better prepare for the future by participating in foresight and roadmapping activities, initiating cross-sectoral cooperation, and gaining access to international innovation partnerships through cluster management organizations.