diff --git a/CMakeLists.txt b/CMakeLists.txt
index 1801c5927..d9b97cdd3 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -42,8 +42,8 @@ set(CMAKE_POSITION_INDEPENDENT_CODE ON)
 set(CMAKE_C_VISIBILITY_PRESET hidden)
 set(OQS_VERSION_MAJOR 0)
 set(OQS_VERSION_MINOR 12)
-set(OQS_VERSION_PATCH 0)
-set(OQS_VERSION_PRE_RELEASE "")
+set(OQS_VERSION_PATCH 1)
+set(OQS_VERSION_PRE_RELEASE "-dev")
 set(OQS_VERSION_TEXT "${OQS_VERSION_MAJOR}.${OQS_VERSION_MINOR}.${OQS_VERSION_PATCH}${OQS_VERSION_PRE_RELEASE}")
 set(OQS_COMPILE_BUILD_TARGET "${CMAKE_SYSTEM_PROCESSOR}-${CMAKE_HOST_SYSTEM}")
 set(OQS_MINIMAL_GCC_VERSION "7.1.0")