diff --git a/scripts/test_updates_with_constraints.sh b/scripts/test_updates_with_constraints.sh
index 40c19a25f..8ac214dcc 100755
--- a/scripts/test_updates_with_constraints.sh
+++ b/scripts/test_updates_with_constraints.sh
@@ -10,7 +10,7 @@
 set -e
 set -o pipefail
 
-TAGS="0.5.0 0.6.0 0.6.1 0.7.0-pg9.6 0.7.1-pg9.6 0.8.0-pg9.6 0.9.0-pg9.6 0.9.1-pg9.6 0.9.2-pg9.6 0.10.0-pg9.6 0.10.1-pg9.6 0.11.0-pg9.6"
+TAGS="0.5.0 0.6.0 0.6.1 0.7.0-pg9.6 0.7.1-pg9.6 0.8.0-pg9.6 0.9.0-pg9.6 0.9.1-pg9.6 0.9.2-pg9.6 0.10.0-pg9.6 0.10.1-pg9.6 0.11.0-pg9.6 0.12.0-pg9.6"
 
 for tag in ${TAGS};
 do
diff --git a/sql/CMakeLists.txt b/sql/CMakeLists.txt
index 88f9cd5f0..6fcf394e3 100644
--- a/sql/CMakeLists.txt
+++ b/sql/CMakeLists.txt
@@ -75,6 +75,7 @@ set(MOD_FILES
   updates/0.10.0--0.10.1.sql
   updates/0.10.1--0.11.0.sql
   updates/0.11.0--0.12.0.sql
+  updates/0.12.0--0.12.1-dev.sql
 )
 
 set(MODULE_PATHNAME "$libdir/timescaledb-${PROJECT_VERSION_MOD}")
diff --git a/sql/updates/0.12.0--0.12.1-dev.sql b/sql/updates/0.12.0--0.12.1-dev.sql
new file mode 100644
index 000000000..e69de29bb
diff --git a/test/expected/bgw_launcher.out b/test/expected/bgw_launcher.out
index d2112294c..d10489246 100644
--- a/test/expected/bgw_launcher.out
+++ b/test/expected/bgw_launcher.out
@@ -51,7 +51,7 @@ WELCOME TO
   | | | |  _ ` _ \ / _ \/ __|/ __/ _` | |/ _ \ | | | ___ \ 
   | | | | | | | | |  __/\__ \ (_| (_| | |  __/ |/ /| |_/ /
   |_| |_|_| |_| |_|\___||___/\___\__,_|_|\___|___/ \____/
-               Running version 0.12.0
+               Running version 0.12.1-dev
 For more information on TimescaleDB, please visit the following links:
 
  1. Getting started: https://docs.timescale.com/getting-started
diff --git a/test/expected/pg_dump.out b/test/expected/pg_dump.out
index 5dd8686b3..4caee43c4 100644
--- a/test/expected/pg_dump.out
+++ b/test/expected/pg_dump.out
@@ -270,7 +270,7 @@ WELCOME TO
   | | | |  _ ` _ \ / _ \/ __|/ __/ _` | |/ _ \ | | | ___ \ 
   | | | | | | | | |  __/\__ \ (_| (_| | |  __/ |/ /| |_/ /
   |_| |_|_| |_| |_|\___||___/\___\__,_|_|\___|___/ \____/
-               Running version 0.12.0
+               Running version 0.12.1-dev
 For more information on TimescaleDB, please visit the following links:
 
  1. Getting started: https://docs.timescale.com/getting-started
diff --git a/version.config b/version.config
index 56d0e11fd..12d0f5e2f 100644
--- a/version.config
+++ b/version.config
@@ -1,2 +1,2 @@
-version = 0.12.0
-update_from_version = 0.11.0
+version = 0.12.1-dev
+update_from_version = 0.12.0