diff --git a/CMakeLists.txt b/CMakeLists.txt
index de0c0a6028f07ba000bf2d862fbc1826f9ec855a..9eb30281da27a0de3747f2b72058bbc9810f77db 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -2,7 +2,7 @@
 # SPDX-License-Identifier: BSL-1.0
 
 cmake_minimum_required(VERSION 3.13.0)
-project(XRT VERSION 0.2.0)
+project(XRT VERSION 0.3.0)
 
 # CMake 3.11 introduced CMP0072 - Prefer GLVND
 if(POLICY CMP0072)
diff --git a/meson.build b/meson.build
index d56900f36b738faeab34201d03f6ac739facb5c0..f78a7c1fa374aa1a6cc97f53c43f00673fcf8d5b 100644
--- a/meson.build
+++ b/meson.build
@@ -4,7 +4,7 @@
 project(
 	'xrt',
 	['c', 'cpp'],
-	version: '0.2.0',
+	version: '0.3.0',
 	license: 'BSL-1.0',
 	meson_version: '>=0.49.0',
 	default_options: [