diff --git a/CMakeLists.txt b/CMakeLists.txt
index d7d9c2fcec..74db77135c 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -6,7 +6,7 @@ cmake_minimum_required(VERSION 2.8.5)
 project(OpenBLAS C ASM)
 set(OpenBLAS_MAJOR_VERSION 0)
 set(OpenBLAS_MINOR_VERSION 3)
-set(OpenBLAS_PATCH_VERSION 7.dev)
+set(OpenBLAS_PATCH_VERSION 8.dev)
 set(OpenBLAS_VERSION "${OpenBLAS_MAJOR_VERSION}.${OpenBLAS_MINOR_VERSION}.${OpenBLAS_PATCH_VERSION}")
 
 # Adhere to GNU filesystem layout conventions