Blue phases are stable phases with crystalline packing of interwoven topological defects in chiral nematic liquid crystals. We argue that chiral nematics with appropriate surfactants are likely to form blue phases for a wide range of parameters. We derive the transition curve for stable emulsified blue phases and find that the required low surface tension is within the accessible range of surfactants. These emulsified blue phases provide possible routes to photonic band-gap materials.