diff --git a/cmd/version.go b/cmd/version.go
index a3b8bac3f05..8eb52ee08d2 100644
--- a/cmd/version.go
+++ b/cmd/version.go
@@ -24,7 +24,7 @@ import (
 
 var (
 	// VERSION  is version number that will be displayed when running ./ocdev version
-	VERSION = "0.0.0"
+	VERSION = "0.0.1"
 
 	// GITCOMMIT is hash of the commit that wil be displayed when running ./ocdev version
 	// this will be overwritten when running  build like this: go build -ldflags="-X github.com/redhat-developer/ocdev/cmd.GITCOMMIT=$(GITCOMMIT)"