diff --git a/CMakeLists.txt b/CMakeLists.txt
index 2668fbc8..ff033d88 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -8,7 +8,7 @@ set(CMAKE_MODULE_PATH "${CMAKE_CURRENT_SOURCE_DIR}/cmake")
 include(CCache)
 
 # Set the name of the project
-project(Optima VERSION 0.4.0 LANGUAGES CXX)
+project(Optima VERSION 0.5.0 LANGUAGES CXX)
 
 # Enable parallel build if MSVC is used
 add_compile_options($<$<CXX_COMPILER_ID:MSVC>:/MP>)