Stem cells are unspecialized cells that have the ability to differentiate into other cell types and can serve as a repair system in the body. There are several types of stem cells including embryonic stem cells, which are pluripotent, adult stem cells which are multipotent, and induced pluripotent stem cells which are created from adult cells. Stem cells show promise for regenerative medicine and tissue engineering applications given their ability to differentiate and potentially replace damaged or dying cells.