diff --git a/colossalai/__init__.py b/colossalai/__init__.py
index 0d43be799..fab03445b 100644
--- a/colossalai/__init__.py
+++ b/colossalai/__init__.py
@@ -7,4 +7,4 @@ from .initialize import (
     launch_from_torch,
 )
 
-__version__ = '0.1.11'
+__version__ = '0.1.11rc1'
diff --git a/version.txt b/version.txt
index 20f49513e..f115116c1 100644
--- a/version.txt
+++ b/version.txt
@@ -1 +1 @@
-0.1.11
+0.1.11rc1