diff --git a/VERSION b/VERSION
index a8ed5ee4c..262d6017b 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.7.0-beta0 700000
+0.7.1-beta0 701000
diff --git a/version.properties b/version.properties
index 911d6a248..b1886ad71 100644
--- a/version.properties
+++ b/version.properties
@@ -1,6 +1,6 @@
 ### Updated by release.sh ###
 project.versioning.major=0
 project.versioning.minor=7
-project.versioning.patch=0
+project.versioning.patch=1
 project.versioning.build=0
 #############################