diff --git a/Makefile b/Makefile
index a128284011..17f1c5baca 100644
--- a/Makefile
+++ b/Makefile
@@ -14,8 +14,8 @@
 
 # Bump these on release - and please check ISO_VERSION for correctness.
 VERSION_MAJOR ?= 1
-VERSION_MINOR ?= 17
-VERSION_BUILD ?= 1
+VERSION_MINOR ?= 18
+VERSION_BUILD ?= 0-beta.0
 RAW_VERSION=$(VERSION_MAJOR).$(VERSION_MINOR).$(VERSION_BUILD)
 VERSION ?= v$(RAW_VERSION)