diff --git a/examples/pom.xml b/examples/pom.xml
index 856f66d57..a370bb2eb 100644
--- a/examples/pom.xml
+++ b/examples/pom.xml
@@ -7,13 +7,13 @@
   <parent>
     <groupId>io.dapr</groupId>
     <artifactId>dapr-sdk-parent</artifactId>
-    <version>0.4.0-SNAPSHOT</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
 
   <groupId>io.dapr</groupId>
   <artifactId>dapr-sdk-examples</artifactId>
   <packaging>jar</packaging>
-  <version>0.4.0-SNAPSHOT</version>
+  <version>0.5.0-SNAPSHOT</version>
   <name>dapr-sdk-examples</name>
 
   <properties>
diff --git a/pom.xml b/pom.xml
index 25cb78b89..98764e7c2 100644
--- a/pom.xml
+++ b/pom.xml
@@ -7,7 +7,7 @@
   <groupId>io.dapr</groupId>
   <artifactId>dapr-sdk-parent</artifactId>
   <packaging>pom</packaging>
-  <version>0.4.0-SNAPSHOT</version>
+  <version>0.5.0-SNAPSHOT</version>
   <name>dapr-sdk-parent</name>
   <description>SDK for Dapr.</description>
   <url>https://dapr.io</url>
diff --git a/sdk-actors/pom.xml b/sdk-actors/pom.xml
index b8608c89f..650880f5b 100644
--- a/sdk-actors/pom.xml
+++ b/sdk-actors/pom.xml
@@ -7,12 +7,12 @@
   <parent>
     <groupId>io.dapr</groupId>
     <artifactId>dapr-sdk-parent</artifactId>
-    <version>0.4.0-SNAPSHOT</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
 
   <artifactId>dapr-sdk-actors</artifactId>
   <packaging>jar</packaging>
-  <version>0.4.0-SNAPSHOT</version>
+  <version>0.5.0-SNAPSHOT</version>
   <name>dapr-sdk-actors</name>
   <description>SDK for Actors on Dapr</description>
 
diff --git a/sdk-autogen/pom.xml b/sdk-autogen/pom.xml
index 6d432e1f6..f9bb65796 100644
--- a/sdk-autogen/pom.xml
+++ b/sdk-autogen/pom.xml
@@ -7,12 +7,12 @@
   <parent>
     <groupId>io.dapr</groupId>
     <artifactId>dapr-sdk-parent</artifactId>
-    <version>0.4.0-SNAPSHOT</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
 
   <artifactId>dapr-sdk-autogen</artifactId>
   <packaging>jar</packaging>
-  <version>0.4.0-SNAPSHOT</version>
+  <version>0.5.0-SNAPSHOT</version>
   <name>dapr-sdk-autogen</name>
   <description>Auto-generated SDK for Dapr</description>
 
diff --git a/sdk-springboot/pom.xml b/sdk-springboot/pom.xml
index 9aa580dda..ad61e58d2 100644
--- a/sdk-springboot/pom.xml
+++ b/sdk-springboot/pom.xml
@@ -7,12 +7,12 @@
   <parent>
     <groupId>io.dapr</groupId>
     <artifactId>dapr-sdk-parent</artifactId>
-    <version>0.4.0-SNAPSHOT</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
 
   <artifactId>dapr-sdk-springboot</artifactId>
   <packaging>jar</packaging>
-  <version>0.4.0-SNAPSHOT</version>
+  <version>0.5.0-SNAPSHOT</version>
   <name>dapr-sdk-springboot</name>
   <description>SDK extension for Springboot</description>
 
diff --git a/sdk-tests/pom.xml b/sdk-tests/pom.xml
index 235a2f51d..54bb3ced5 100644
--- a/sdk-tests/pom.xml
+++ b/sdk-tests/pom.xml
@@ -25,7 +25,7 @@
     <maven.compiler.source>11</maven.compiler.source>
     <maven.compiler.target>11</maven.compiler.target>
     <maven.deploy.skip>true</maven.deploy.skip>
-    <dapr.sdk.version>0.4.0-SNAPSHOT</dapr.sdk.version>
+    <dapr.sdk.version>0.5.0-SNAPSHOT</dapr.sdk.version>
   </properties>
 
   <dependencies>
diff --git a/sdk/pom.xml b/sdk/pom.xml
index 2399770d4..8e8016676 100644
--- a/sdk/pom.xml
+++ b/sdk/pom.xml
@@ -7,12 +7,12 @@
   <parent>
     <groupId>io.dapr</groupId>
     <artifactId>dapr-sdk-parent</artifactId>
-    <version>0.4.0-SNAPSHOT</version>
+    <version>0.5.0-SNAPSHOT</version>
   </parent>
 
   <artifactId>dapr-sdk</artifactId>
   <packaging>jar</packaging>
-  <version>0.4.0-SNAPSHOT</version>
+  <version>0.5.0-SNAPSHOT</version>
   <name>dapr-sdk</name>
   <description>SDK for Dapr</description>