diff --git a/setup.py b/setup.py
index c85ea3ac19..5d74bdd1e1 100755
--- a/setup.py
+++ b/setup.py
@@ -14,7 +14,7 @@ from setuptools import setup, find_packages
 # engineer specific practices
 setup(
     name='pytorch-lightning',
-    version='0.4.9',
+    version='0.5.0',
     description='The Keras for ML researchers using PyTorch',
     author='William Falcon',
     author_email='waf2107@columbia.edu',