diff --git a/VERSION b/VERSION
index 17835d24c..7427a53cd 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.7.3-beta0 703000
+0.7.4-beta0 704000
diff --git a/version.properties b/version.properties
index d9c329546..726afa508 100644
--- a/version.properties
+++ b/version.properties
@@ -1,7 +1,7 @@
 ### Updated by release.sh ###
 project.versioning.major=0
 project.versioning.minor=7
-project.versioning.patch=3
+project.versioning.patch=4
 project.versioning.build=0
 project.versioning.type=beta
 #############################