diff --git a/include/tosa_serialization_handler.h b/include/tosa_serialization_handler.h
index 1f8310e..91b1a9d 100644
--- a/include/tosa_serialization_handler.h
+++ b/include/tosa_serialization_handler.h
@@ -27,8 +27,8 @@
 #include <vector>
 
 // Keep version number in sync with the version default value with schema/tosa.fbs
-#define TOSA_VERSION_MAJOR 0
-#define TOSA_VERSION_MINOR 100
+#define TOSA_VERSION_MAJOR 1
+#define TOSA_VERSION_MINOR 0
 #define TOSA_VERSION_PATCH 0
 #define TOSA_VERSION_DRAFT true
 #define TENSOR_BUFFER_FORCE_ALIGNMENT 8
diff --git a/python/serializer/tosa_serializer.py b/python/serializer/tosa_serializer.py
index be3cdea..d0445ae 100644
--- a/python/serializer/tosa_serializer.py
+++ b/python/serializer/tosa_serializer.py
@@ -31,8 +31,8 @@
 import tosa.Op as TosaOp
 
 # Keep version number in sync with the version default value with schema/tosa.fbs
-TOSA_VERSION_MAJOR = 0
-TOSA_VERSION_MINOR = 100
+TOSA_VERSION_MAJOR = 1
+TOSA_VERSION_MINOR = 0
 TOSA_VERSION_PATCH = 0
 TOSA_VERSION_DRAFT = True
 TOSA_VERSION = [