You can move your application over to any future semester for consideration without having to re-apply and take the test, however your acceptance for a future semester is not guaranteed. Each application will be reconsidered based on the competition in the application pool. If you would like to move your application to a different location, you can contact us, or, after the current semester begins, you can log into the Founder Institute website and go to the application page (http://fi.co/join), and you will be able to move your application to a new semester.