diff --git a/Versions.cmake b/Versions.cmake
index 11b2106d3..bcd1f103e 100644
--- a/Versions.cmake
+++ b/Versions.cmake
@@ -1,6 +1,6 @@
 # Version number components
 set (WSJTX_VERSION_MAJOR 1)
-set (WSJTX_VERSION_MINOR 7)
-set (WSJTX_VERSION_PATCH 1)
-set (WSJTX_RC 0)		 # release candidate number, comment out or zero for development versions
+set (WSJTX_VERSION_MINOR 8)
+set (WSJTX_VERSION_PATCH 0)
+set (WSJTX_RC 1)		 # release candidate number, comment out or zero for development versions
 set (WSJTX_VERSION_IS_RELEASE 0) # set to 1 for final release build