diff --git a/config/base/kustomization.yaml b/config/base/kustomization.yaml
index aa8ee91..dec27e9 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-rc.0
 configMapGenerator:
   - name: kserve-models-web-app-config
     literals:
diff --git a/releasing/README.md b/releasing/README.md
index 0230517..1159b7b 100644
--- a/releasing/README.md
+++ b/releasing/README.md
@@ -7,8 +7,8 @@ web app.
 
 1. Create a new release branch
     ```
-    VERSION="v0.7.0"
-    RELEASE_BRANCH="release-0.7"
+    VERSION="v0.13.0-rc.0"
+    RELEASE_BRANCH="v0.13.0-rc.0"
     git checkout -b $RELEASE_BRANCH origin/master
     ```
 2. Update the VERSION file with the corresponding tag
diff --git a/releasing/VERSION b/releasing/VERSION
index 8b20e48..47aa7db 100644
--- a/releasing/VERSION
+++ b/releasing/VERSION
@@ -1 +1 @@
-v0.7.0
+v0.13.0-rc.0