Bmp, or Bone Morphogenetic Protein, is a group of growth factors known to play crucial roles in the development of bone and cartilage. These proteins are pivotal in the process of neural induction and neurulation, where they help guide the differentiation of embryonic stem cells into various cell types, including neurons. Bmps signal through specific receptors, initiating a cascade of intracellular events that influence cell fate and patterning during early embryonic development.