Economic geographers have, for a long time, analysed the meaning of geographical co-presence and dispersion in knowledge creation. Recently, interest has shifted towards the process approach and the levels of individuals and groups. Despite this, little empirical research has been conducted following the knowledge creation process ‘here’ (including on-site observation) and ‘now’ (not ex-post) in groups through repeated geographical dispersion. This case study follows four project research groups in Finland led by foreign, distinguished professors. These groups created knowledge during a repeated pattern of geographical co-presence and dispersion. The study covers a seven-year period from the beginning of the projects and goes beyond their completion, including three intensive periods of collecting empirical materials. The results demonstrate that a cognitive locus of shared understanding of the project focus is key for creating knowledge during periods of geographical dispersion and even after the conclusion of such projects. The results show three types of cognitive loci that are created in three patterns of geographical co-presence and dispersion. Each of the three combinations supports particular outcomes and the continuity of projects in Finland.