diff --git a/Makefile b/Makefile
index 0966fe693..6aa1f629b 100644
--- a/Makefile
+++ b/Makefile
@@ -14,8 +14,8 @@
 
 # Bump these on release
 VERSION_MAJOR ?= 0
-VERSION_MINOR ?= 23
-VERSION_BUILD ?= 0
+VERSION_MINOR ?= 24
+VERSION_BUILD ?= 1
 
 VERSION ?= v$(VERSION_MAJOR).$(VERSION_MINOR).$(VERSION_BUILD)
 VERSION_PACKAGE = $(REPOPATH/pkg/version)