diff --git a/VERSION b/VERSION
index a04d1ba7c..dd16db72e 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.3.6-dev
+0.3.7-dev
diff --git a/cmd/version/version.go b/cmd/version/version.go
index 31e01bcb3..610130c05 100644
--- a/cmd/version/version.go
+++ b/cmd/version/version.go
@@ -2,7 +2,7 @@ package version
 
 var (
 	// Version of the product
-	Version = "0.3.6"
+	Version = "0.3.7"
 	// PreRelease is set during the build
 	PreRelease = ""
 	// GitCommit is set during the build
diff --git a/packaging/common.mk b/packaging/common.mk
index d99564e7e..67136aea1 100644
--- a/packaging/common.mk
+++ b/packaging/common.mk
@@ -2,6 +2,6 @@ ARCH=$(shell uname -m)
 GO_VERSION:=1.18.3
 PLATFORM=cri-dockerd
 SHELL:=/bin/bash
-VERSION?=0.3.6-dev
+VERSION?=0.3.7-dev
 
 export PLATFORM