diff --git a/python/pyproject.toml b/python/pyproject.toml
index f4ce9fa7558e..d32c61202931 100644
--- a/python/pyproject.toml
+++ b/python/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "semantic-kernel"
-version = "0.3.0.dev"
+version = "0.3.1.dev"
 description = ""
 authors = ["Microsoft <SK-Support@microsoft.com>"]
 readme = "pip/README.md"