diff --git a/config/base/kustomization.yaml b/config/base/kustomization.yaml
index aa8ee91..31c453a 100644
--- a/config/base/kustomization.yaml
+++ b/config/base/kustomization.yaml
@@ -13,7 +13,7 @@ commonLabels:
 images:
 - name: kserve/models-web-app
   newName: kserve/models-web-app
-  newTag: v0.8.0
+  newTag: v0.13.0
 configMapGenerator:
   - name: kserve-models-web-app-config
     literals:
diff --git a/releasing/VERSION b/releasing/VERSION
index 8b20e48..6345c21 100644
--- a/releasing/VERSION
+++ b/releasing/VERSION
@@ -1 +1 @@
-v0.7.0
+v0.13.0