diff --git a/conda/tvm-libs/meta.yaml b/conda/tvm-libs/meta.yaml
index 79507930618c..f151048e445b 100644
--- a/conda/tvm-libs/meta.yaml
+++ b/conda/tvm-libs/meta.yaml
@@ -15,7 +15,7 @@
 # specific language governing permissions and limitations
 # under the License.
 
-{% set version = "0.7.0" %}
+{% set version = "0.8.dev0" %}
 
 package:
   name: tvm-libs
diff --git a/conda/tvm/meta.yaml b/conda/tvm/meta.yaml
index 959f3f6465e8..9e8f94789394 100644
--- a/conda/tvm/meta.yaml
+++ b/conda/tvm/meta.yaml
@@ -15,7 +15,7 @@
 # specific language governing permissions and limitations
 # under the License.
 
-{% set version = "0.7.0" %}
+{% set version = "0.8.dev0" %}
 
 package:
   name: tvm
diff --git a/include/tvm/runtime/c_runtime_api.h b/include/tvm/runtime/c_runtime_api.h
index d1a04a9e45a0..e25394a88b5a 100644
--- a/include/tvm/runtime/c_runtime_api.h
+++ b/include/tvm/runtime/c_runtime_api.h
@@ -61,7 +61,7 @@
 #endif
 
 // TVM version
-#define TVM_VERSION "0.7.0"
+#define TVM_VERSION "0.8.dev0"
 
 // TVM Runtime is DLPack compatible.
 #include <dlpack/dlpack.h>
diff --git a/python/tvm/_ffi/libinfo.py b/python/tvm/_ffi/libinfo.py
index c885c0b2cc79..ae3cba6e3dd7 100644
--- a/python/tvm/_ffi/libinfo.py
+++ b/python/tvm/_ffi/libinfo.py
@@ -217,4 +217,4 @@ def find_include_path(name=None, search_path=None, optional=False):
 # We use the version of the incoming release for code
 # that is under development.
 # The following line is set by tvm/python/update_version.py
-__version__ = "0.7.0"
+__version__ = "0.8.dev0"
diff --git a/version.py b/version.py
index 8853f4b259cc..6554343ac7c6 100644
--- a/version.py
+++ b/version.py
@@ -31,7 +31,7 @@
 # current version
 # We use the version of the incoming release for code
 # that is under development
-__version__ = "0.7.0"
+__version__ = "0.8.dev0"
 
 # Implementations
 def update(file_name, pattern, repl):