diff --git a/build/next-release.txt b/build/next-release.txt
index de4df648d8..e552f820c1 100644
--- a/build/next-release.txt
+++ b/build/next-release.txt
@@ -1 +1 @@
-1.10.2-dev
+1.10.3-dev
diff --git a/configure.ac b/configure.ac
index 40e27c6094..0ac4448aa3 100644
--- a/configure.ac
+++ b/configure.ac
@@ -3,10 +3,10 @@
 
 # Must change all of the below together
 # For a release, set revision for that tagged release as well and uncomment
-AC_INIT([freeswitch], [1.10.2-dev], bugs@freeswitch.org)
+AC_INIT([freeswitch], [1.10.3-dev], bugs@freeswitch.org)
 AC_SUBST(SWITCH_VERSION_MAJOR, [1])
 AC_SUBST(SWITCH_VERSION_MINOR, [10])
-AC_SUBST(SWITCH_VERSION_MICRO, [2-dev])
+AC_SUBST(SWITCH_VERSION_MICRO, [3-dev])
 AC_SUBST(SWITCH_VERSION_REVISION, [])
 AC_SUBST(SWITCH_VERSION_REVISION_HUMAN, [])