diff --git a/configure.ac b/configure.ac
index 845ef358..cb4eeafc 100644
--- a/configure.ac
+++ b/configure.ac
@@ -23,8 +23,8 @@ AC_PREREQ([2.63])
 
 # libsigrok package version number (NOT the same as shared lib version!).
 m4_define([sr_package_version_major], [0])
-m4_define([sr_package_version_minor], [2])
-m4_define([sr_package_version_micro], [2])
+m4_define([sr_package_version_minor], [3])
+m4_define([sr_package_version_micro], [0])
 m4_define([sr_package_version], [sr_package_version_major.sr_package_version_minor.sr_package_version_micro])
 
 AC_INIT([libsigrok], [sr_package_version], [sigrok-devel@lists.sourceforge.net],