diff --git a/CMakeLists.txt b/CMakeLists.txt
index 84fd91ee4..2ef89f575 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -39,10 +39,10 @@ SET(PROJECT_EMAIL       "lmms-devel@lists.sourceforge.net")
 SET(PROJECT_DESCRIPTION "${PROJECT_NAME_UCASE} - Free music production software")
 SET(PROJECT_COPYRIGHT   "2008-${PROJECT_YEAR} ${PROJECT_AUTHOR}")
 SET(VERSION_MAJOR       "1")
-SET(VERSION_MINOR       "2")
-SET(VERSION_RELEASE     "2")
-SET(VERSION_STAGE       "")
-SET(VERSION_BUILD       "0")
+SET(VERSION_MINOR       "3")
+SET(VERSION_RELEASE     "0")
+SET(VERSION_STAGE       "alpha")
+SET(VERSION_BUILD       "")
 SET(VERSION             "${VERSION_MAJOR}.${VERSION_MINOR}.${VERSION_RELEASE}")
 IF(VERSION_STAGE)
 	SET(VERSION     "${VERSION}-${VERSION_STAGE}")