diff --git a/Makefile b/Makefile
index 2f29820..1facc79 100644
--- a/Makefile
+++ b/Makefile
@@ -3,7 +3,7 @@
 # To re-generate a bundle for another specific version without changing the standard setup, you can:
 # - use the VERSION as arg of the bundle target (e.g make bundle VERSION=0.0.2)
 # - use environment variables to overwrite this value (e.g export VERSION=0.0.2)
-VERSION ?= 0.1.0-alpha2
+VERSION ?= 0.1.0-alpha3
 
 # IMAGE_TAG_BASE defines the docker.io namespace and part of the image name for remote images.
 # This variable is used to construct full image tags for bundle and catalog images.