diff --git a/config/base/params.env b/config/base/params.env
index f97e19df..28f9b6b2 100644
--- a/config/base/params.env
+++ b/config/base/params.env
@@ -1 +1 @@
-odh-model-controller=quay.io/opendatahub/odh-model-controller:v0.11.1.3
+odh-model-controller=quay.io/opendatahub/odh-model-controller:v0.12.0.0