diff --git a/build.gradle b/build.gradle
index 16b38889111..e26d2ca134e 100644
--- a/build.gradle
+++ b/build.gradle
@@ -16,7 +16,7 @@ allprojects {
 
 subprojects {
     group = 'org.megamek'
-    version = '0.49.15'
+    version = '0.49.16-SNAPSHOT'
 }
 
 ext {
diff --git a/megamek/docs/history.txt b/megamek/docs/history.txt
index b418758954e..93caafb9900 100644
--- a/megamek/docs/history.txt
+++ b/megamek/docs/history.txt
@@ -1,5 +1,7 @@
 VERSION HISTORY:
 ----------------
+0.49.16-SNAPSHOT
+
 0.49.15 (2023-10-21 1530 UTC)
 + PR #4688: Round reports should no longer take increasingly long to load
 + PR #4686: QuadVee should no longer be able to fall after converting to vehicle mode
diff --git a/megamek/src/megamek/SuiteConstants.java b/megamek/src/megamek/SuiteConstants.java
index 211a2bf6455..9ae604d4216 100644
--- a/megamek/src/megamek/SuiteConstants.java
+++ b/megamek/src/megamek/SuiteConstants.java
@@ -24,7 +24,7 @@
 public abstract class SuiteConstants {
     //region General Constants
     public static final String PROJECT_NAME = "MegaMek Suite";
-    public static final Version VERSION = new Version("0.49.15");
+    public static final Version VERSION = new Version("0.49.16-SNAPSHOT");
     public static final int MAXIMUM_D6_VALUE = 6;
 
     // This is used in creating the name of save files, e.g. the MekHQ campaign file