diff --git a/cli/.bumpversion.cfg b/cli/.bumpversion.cfg
index ed4ba79f2..5e659ff8f 100644
--- a/cli/.bumpversion.cfg
+++ b/cli/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.4.0-canary.3
+current_version = 0.5.0-canary.0
 commit = False
 tag = False
 parse = ^(?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(?:-(?P<pre>canary)\.(?P<prerelease>\d+))?$
diff --git a/cli/Cargo.lock b/cli/Cargo.lock
index 57b655bfe..df2b189dd 100644
--- a/cli/Cargo.lock
+++ b/cli/Cargo.lock
@@ -133,7 +133,7 @@ dependencies = [
 
 [[package]]
 name = "gloo"
-version = "0.4.0-canary.3"
+version = "0.5.0-canary.0"
 dependencies = [
  "cc",
  "clap",
diff --git a/cli/Cargo.toml b/cli/Cargo.toml
index 3e84afc8e..0c5a80bfc 100644
--- a/cli/Cargo.toml
+++ b/cli/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "gloo"
-version = "0.4.0-canary.3"
+version = "0.5.0-canary.0"
 edition = "2021"
 build = "build.rs"
 
diff --git a/clients/python/.bumpversion.cfg b/clients/python/.bumpversion.cfg
index bde8a0564..da81e3e9b 100644
--- a/clients/python/.bumpversion.cfg
+++ b/clients/python/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.1.0
+current_version = 0.2.0.dev0
 commit = False
 tag = False
 parse = ^(?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(?:\.(?P<pre>dev)(?P<prerelease>\d+))?$
diff --git a/clients/python/baml_core/__version__.py b/clients/python/baml_core/__version__.py
index 3dc1f76bc..b9d465bd8 100644
--- a/clients/python/baml_core/__version__.py
+++ b/clients/python/baml_core/__version__.py
@@ -1 +1 @@
-__version__ = "0.1.0"
+__version__ = "0.2.0.dev0"
diff --git a/clients/python/baml_lib/__version__.py b/clients/python/baml_lib/__version__.py
index 3dc1f76bc..b9d465bd8 100644
--- a/clients/python/baml_lib/__version__.py
+++ b/clients/python/baml_lib/__version__.py
@@ -1 +1 @@
-__version__ = "0.1.0"
+__version__ = "0.2.0.dev0"
diff --git a/clients/python/pyproject.toml b/clients/python/pyproject.toml
index 8ada2add3..6c35af699 100644
--- a/clients/python/pyproject.toml
+++ b/clients/python/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "poetry.core.masonry.api"
 
 [tool.poetry]
 name = "baml"
-version = "0.1.0"
+version = "0.2.0.dev0"
 description = ""
 authors = [ "Gloo <contact@trygloo.com>",]
 
diff --git a/typescript/.bumpversion.cfg b/typescript/.bumpversion.cfg
index d9a0d47ae..8a495d3aa 100644
--- a/typescript/.bumpversion.cfg
+++ b/typescript/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.1.1
+current_version = 0.2.0-canary.0
 commit = False
 tag = False
 parse = ^(?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(?:-(?P<pre>canary)\.(?P<prerelease>\d+))?$
diff --git a/typescript/vscode-ext/packages/package.json b/typescript/vscode-ext/packages/package.json
index 17be52c7b..979643663 100644
--- a/typescript/vscode-ext/packages/package.json
+++ b/typescript/vscode-ext/packages/package.json
@@ -2,7 +2,7 @@
   "name": "baml",
   "displayName": "Baml",
   "description": "BAML is a DSL for AI applications.",
-  "version": "0.1.1",
+  "version": "0.2.0",
   "publisher": "Gloo",
   "repository": "https://github.com/GlooHQ/gloo-lang",
   "homepage": "https://trygloo.com",