diff --git a/README.md b/README.md
index 9a834baab..0937cae64 100644
--- a/README.md
+++ b/README.md
@@ -13,6 +13,10 @@ Then run the benchmarks against the latest commit on CVXPY by:
 ```
 asv run
 ```
+Optionally, you can run ``asv dev`` to ensure the code is running smoothly. It is equivalent to the following command:
+```
+asv run --python=same --quick --show-stderr --dry-run
+```
 To run a particular benchmark use:
 ```
 asv run --bench CVaRBenchmark
diff --git a/pyproject.toml b/pyproject.toml
index bfa998cd4..106c75d75 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -7,7 +7,7 @@ exclude = [
     "*__init__.py"
 ]
 # The minimum Python version that should be supported
-target-version = "py37"
+target-version = "py38"
 
 [build-system]
 requires = ["setuptools>=42"]
diff --git a/setup.py b/setup.py
index 14c2ce08c..441cee9b2 100644
--- a/setup.py
+++ b/setup.py
@@ -15,7 +15,7 @@
     },
     package_dir={"": "benchmark"},
     packages=setuptools.find_packages(where="benchmark"),
-    python_requires=">=3.7",
+    python_requires=">=3.8",
     license='Apache License, Version 2.0',
     install_requires=[
         "cvxpy",