diff --git a/VERSION b/VERSION
index 3ee2e389a..b1167518a 100644
--- a/VERSION
+++ b/VERSION
@@ -1,8 +1,8 @@
 MAJOR=1
-MINOR=2
+MINOR=3
 PATCH=0
 PRE_RELEASE_IDENTIFIER=''
 
 CONCURRENCY_MAJOR=2
-CONCURRENCY_MINOR=0
-CONCURRENCY_PATCH=0
\ No newline at end of file
+CONCURRENCY_MINOR=1
+CONCURRENCY_PATCH=0