This invention is concerned with stem cells derived from 
umbilical cord blood serum and a method for growing human embryonic stem cells and adult cells comprising sera separated from clotted 
umbilical cord blood, including growing and differentiating 
cord blood stem cells into neural precursors, comprising transdifferentiating CD34+ stem cells from mononuclear cells derived from 
umbilical cord blood to neural precursors. The stem cells obtained from the umbilical cord include pluripotent stem and 
progenitor cell population of mononuclear cells, and separating pluripotent stem and 
progenitor cell population of mononuclear cells obtained from the umbilical 
cord blood. A magnetic 
cell separator is used to separate out cells which contain a CD marker and then expanding the cells in a 
growth medium containing 
retinoic acid and one or more growth factors BDNF, GDNF, NGF and FGF as a differentiating agent. The invention is also concerned with the 
transplantation and repair of nerve damage, stokes, 
spinal injury, Parkinson's and Alzheimer's, prepared in accordance with the aforesaid method and a media for culturing umbilical 
cord blood stem calls consisting essentially of cord blood stem cells derived from umbilical cord 
blood serum.