diff --git a/CMake/SMDefs.cmake b/CMake/SMDefs.cmake
index 7f0d561989..5922b615a4 100644
--- a/CMake/SMDefs.cmake
+++ b/CMake/SMDefs.cmake
@@ -1,6 +1,6 @@
 # Set up version numbers according to the new scheme.
 set(SM_VERSION_MAJOR 0)
-set(SM_VERSION_MINOR 7)
+set(SM_VERSION_MINOR 8)
 set(SM_VERSION_PATCH 0)
 set(SM_VERSION_TRADITIONAL
     "${SM_VERSION_MAJOR}.${SM_VERSION_MINOR}.${SM_VERSION_PATCH}")