diff --git a/release-versions.txt b/release-versions.txt
index 566d139eb..da32d1701 100644
--- a/release-versions.txt
+++ b/release-versions.txt
@@ -1,4 +1,4 @@
 RELEASE_VERSION="0.4.0"
-DEVELOPMENT_VERSION="0.4.0-SNAPSHOT"
+DEVELOPMENT_VERSION="0.5.0-SNAPSHOT"
 RELEASE_BRANCH="main"
 LATEST=true