diff --git a/CMakeLists.txt b/CMakeLists.txt
index a29ac5555b..f945524223 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -16,8 +16,9 @@ ENDIF()
 #
 PROJECT(hydrogen)
 SET(VERSION_MAJOR "1")
-SET(VERSION_MINOR "1")
-SET(VERSION_PATCH "1")
+SET(VERSION_MINOR "2")
+SET(VERSION_PATCH "0")
+SET(VERSION_SUFFIX "beta1")
 
 SET(VERSION "${VERSION_MAJOR}.${VERSION_MINOR}.${VERSION_PATCH}")