diff --git a/setup.py b/setup.py
index 2c2075d09e..d27bebfc1e 100644
--- a/setup.py
+++ b/setup.py
@@ -7,7 +7,7 @@
     name='heat',
     packages=['heat', 'heat.core', 'heat.ml', 'heat.ml.cluster'],
     data_files=['README.md', 'LICENSE'],
-    version='0.0.1',
+    version='0.0.3',
     description='A framework for high performance data analytics and machine learning.',
     long_description=long_description,
     long_description_content_type='text/markdown',