diff --git a/CHANGELOG.md b/CHANGELOG.md
index 372f900d6f2a7eec500670097b8a255b74809699..b3c3fa0553a00490a884c289a5ac02603d9c3772 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,22 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## [Unreleased] ##
+
+### Added ###
+
+### Changed ###
+
+### Deprecated ###
+
+### Removed ###
+
+### Fixed ###
+
+### Security ###
+
+### Documentation ###
+
 ## [0.7.0] - 2023-03-09 ##
 (Florian Spreckelsen)
 
diff --git a/setup.py b/setup.py
index 02b4f6f163fd14024b1b24e316c78014e993312a..6201149eb90df793e8c28e5684f79cf617548d0b 100755
--- a/setup.py
+++ b/setup.py
@@ -47,9 +47,9 @@ from setuptools import find_packages, setup
 
 MAJOR = 0
 MINOR = 7
-MICRO = 0
+MICRO = 1
 PRE = ""  # e.g. rc0, alpha.1, 0.beta-23
-ISRELEASED = True
+ISRELEASED = False
 
 if PRE:
     VERSION = "{}.{}.{}-{}".format(MAJOR, MINOR, MICRO, PRE)
diff --git a/src/doc/conf.py b/src/doc/conf.py
index 7d3533b06abdbb7f28217364fa1762c770a9a145..a33bf002ee6ab5bed79e2e35f77ac2fe4cfe3d35 100644
--- a/src/doc/conf.py
+++ b/src/doc/conf.py
@@ -27,9 +27,9 @@ copyright = '2021, IndiScale GmbH'
 author = 'Daniel Hornung'
 
 # The short X.Y version
-version = '0.7.0'
+version = '0.7.1'
 # The full version, including alpha/beta/rc tags
-release = '0.7.0'
+release = '0.7.1-dev'
 
 
 # -- General configuration ---------------------------------------------------