This essay investigates historical conditions of merging practices which connect academic research and cultural, artistic activities. In the first section, notions such as immaterial labour, cognitive capitalism, and accumulation cycle are introduced and these terms are set in relation to dialectics of space. The concept of Converging Space, proposed in the second section of the article, signifies an unstable space by the side of capitalism’s incorporation of immaterial labour and institutionally ordered social relations. University and regional cultural policy in Western Sweden are two specific cases which further clarify the notion of converging spaces. In the third section, exile, conceived as a multi-layered semantic field, serves to designate mobility and mobilization across contemporary segregative urban landscapes and hence constantly exposed to the dialectics between material space, the institutionalized space and the flux of labour and commodities. The final and concluding part of the essay discusses the intersections between immaterial labour, exile as a semantic field outside accumulation cycles and local, transient organizational forms which open up a space for emerging practices.