diff --git a/.github/dependabot.yml b/.github/dependabot.yml
index 07aa457ce..ddfd2879d 100644
--- a/.github/dependabot.yml
+++ b/.github/dependabot.yml
@@ -55,7 +55,7 @@ updates:
 
 # The release branch(es):
   - package-ecosystem: "gomod"
-    target-branch: release-1.18
+    target-branch: release-1.19
     directories:
     - "/"
     # We don't update development or test dependencies on release branches
@@ -81,7 +81,7 @@ updates:
         - k8s.io/klog/*
 
   - package-ecosystem: "docker"
-    target-branch: release-1.18
+    target-branch: release-1.19
     directories:
     # CUDA image
     - "/deployments/container"
@@ -101,7 +101,7 @@ updates:
     - maintenance
 
   - package-ecosystem: "github-actions"
-    target-branch: release-1.18
+    target-branch: release-1.19
     directory: "/"
     schedule:
       interval: "weekly"
diff --git a/versions.mk b/versions.mk
index dc3691a68..fe0c05079 100644
--- a/versions.mk
+++ b/versions.mk
@@ -13,8 +13,8 @@
 # limitations under the License.
 
 LIB_NAME := nvidia-container-toolkit
-LIB_VERSION := 1.19.0
-LIB_TAG :=
+LIB_VERSION := 1.20.0
+LIB_TAG := dev
 
 # The package version is the combination of the library version and tag.
 # If the tag is specified the two components are joined with a tilde (~).