diff --git a/setup.py b/setup.py
index <HASH>..<HASH> 100644
--- a/setup.py
+++ b/setup.py
@@ -230,7 +230,7 @@ and dependencies of wheels
 '''
 
 setup(name="symengine",
-      version="0.2.1.dev",
+      version="0.3.0.rc0",
       description="Python library providing wrappers to SymEngine",
       setup_requires=['cython>=0.19.1'],
       long_description=long_description,
diff --git a/symengine/__init__.py b/symengine/__init__.py
index <HASH>..<HASH> 100644
--- a/symengine/__init__.py
+++ b/symengine/__init__.py
@@ -33,7 +33,7 @@ if have_numpy:
         return f
 
 
-__version__ = "0.2.1.dev"
+__version__ = "0.3.0.rc0"
 
 
 def test():
Update to <I>.rc0