diff --git a/README.md b/README.md
index 7ed3b3ca..70b03989 100644
--- a/README.md
+++ b/README.md
@@ -1,7 +1,5 @@
 # NVIDIA vGPU Device Manager
 
-**Note:** This project is under active development and not yet designed for production use. Use at your own risk.
-
 NVIDIA Virtual GPU (vGPU) enables multiple virtual machines (VMs) to have simultaneous, direct access to a single physical GPU, using the same NVIDIA graphics drivers that are deployed on non-virtualized operating systems.
 By doing this, NVIDIA vGPU provides VMs with unparalleled graphics performance, compute performance, and application compatibility, together with the cost-effectiveness and scalability brought about by sharing a GPU among multiple workloads.
 Under the control of the NVIDIA Virtual GPU Manager running under the hypervisor, NVIDIA physical GPUs are capable of supporting multiple virtual GPU devices (vGPUs) that can be assigned directly to guest VMs.
diff --git a/versions.mk b/versions.mk
index dd84fa4a..78d3a526 100644
--- a/versions.mk
+++ b/versions.mk
@@ -12,10 +12,10 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-VERSION ?= v0.1.0
+VERSION ?= v0.2.0
 
 vVERSION := v$(VERSION:v%=%)
 
-CUDA_VERSION := 11.6.1
+CUDA_VERSION := 11.7.1
 
 GOLANG_VERSION := 1.17.13