diff --git a/CMakeLists.txt b/CMakeLists.txt
index 315ad3624..84ece939f 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -39,7 +39,7 @@ include(ROCMInstallSymlinks)
 include(ROCMCreatePackage)
 
 rocm_setup_version(
-    VERSION 0.3-beta-2
+    VERSION 0.6.0-rc1
 )
 
 list(APPEND CMAKE_PREFIX_PATH /opt/rocm /opt/rocm/hip /opt/rocm/hcc)
diff --git a/docs/Doxyfile b/docs/Doxyfile
index b67dae1d3..3bf91b17a 100644
--- a/docs/Doxyfile
+++ b/docs/Doxyfile
@@ -38,7 +38,7 @@ PROJECT_NAME           = "rccl"
 # could be handy for archiving the generated documentation or if some version
 # control system is used.
 
-PROJECT_NUMBER         = 0.5.0
+PROJECT_NUMBER         = 0.6.0-rc1
 
 # Using the PROJECT_BRIEF tag one can provide an optional one line description
 # for a project that appears at the top of each page and should give viewer a