diff --git a/.github/ISSUE_TEMPLATE/bug_report.yml b/.github/ISSUE_TEMPLATE/bug_report.yml
index 057e453b80..53e1039dc7 100644
--- a/.github/ISSUE_TEMPLATE/bug_report.yml
+++ b/.github/ISSUE_TEMPLATE/bug_report.yml
@@ -31,7 +31,7 @@ body:
     attributes:
       label: Version
       description: What version of Modulus are you running?
-      placeholder: "example: 0.1.0"
+      placeholder: "example: 0.2.0"
     validations:
       required: true
 
diff --git a/CHANGELOG.md b/CHANGELOG.md
index ab1cb3f208..5ff80273e9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,22 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Added
 
+### Changed
+
+### Deprecated
+
+### Removed
+
+### Fixed
+
+### Security
+
+### Dependencies
+
+## [0.2.0] - 2023-08-xx
+
+### Added
+
 - Added a CHANGELOG.md
 - Added build support for internal DGL
 - 4D Fourier Neural Operator model
diff --git a/modulus/__init__.py b/modulus/__init__.py
index bec84593a0..4d0d585e2e 100644
--- a/modulus/__init__.py
+++ b/modulus/__init__.py
@@ -19,4 +19,4 @@
 
 from .datapipes.datapipe import Datapipe
 
-__version__ = "0.1.0"
+__version__ = "0.2.0"