I have resorted to partnering with a law firm, who, for a large cut of any revenue, will do all the IP work and "marketing" (i.e. contacting legal departments at companies that might be interested in the algorithm). This is not ideal, but is so far the only path presented that may help me recoup wages lost by not working full-time for several years. I figure if I retain control of the IP (and make money through licensing), I can make sure scientists and researchers have free usage rights.
If the IP thing works, I can hopefully continue independent research. If it works well, I hope to self-fund more research without the IP shenanigans. Otherwise, it is back to full-time employment.