diff --git a/anaconda/meta.yaml b/anaconda/meta.yaml
index c72f3fb..ac21932 100644
--- a/anaconda/meta.yaml
+++ b/anaconda/meta.yaml
@@ -1,6 +1,6 @@
 package:
     name: snowflake_telemetry_python
-    version: "0.4.0"
+    version: "0.5.0.dev"
 
 source:
     path: {{ environ.get('SNOWFLAKE_TELEMETRY_DIR') }}
diff --git a/src/snowflake/telemetry/version.py b/src/snowflake/telemetry/version.py
index 1abd7fa..8f006d0 100644
--- a/src/snowflake/telemetry/version.py
+++ b/src/snowflake/telemetry/version.py
@@ -4,4 +4,4 @@
 #
 
 """Update this for the versions."""
-VERSION = "0.4.0"
+VERSION = "0.5.0.dev"
diff --git a/tests/snowflake-telemetry-test-utils/setup.py b/tests/snowflake-telemetry-test-utils/setup.py
index 2a4664d..a254c26 100644
--- a/tests/snowflake-telemetry-test-utils/setup.py
+++ b/tests/snowflake-telemetry-test-utils/setup.py
@@ -16,7 +16,7 @@
     long_description=LONG_DESCRIPTION,
     install_requires=[
         "pytest >= 7.0.0",
-        "snowflake-telemetry-python == 0.4.0",
+        "snowflake-telemetry-python == 0.5.0.dev",
     ],
     packages=find_namespace_packages(
         where='src'